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The Central Government amends the income tax exemption limits for specific national supporters. The amendment updates the income amount from National supporters to rupees thirty-nine crore, thirty-nine lakhs, fifty two thousand and two hundred fifty for specified entities. The specified entities are Hero Motocorp Ltd., Bank of Baroda, Coal India Ltd., Think and Learn Private Limited, Dalmia Cement Bharat Limited and NTPC Limited. The government also omits sub-clause (ii) with effect from the twenty-sixth day of September, 2017.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th January, 2018 (INCOME-TAX)
S.O. 282(E).—In exercise of the powers conferred by clause (39) of the section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O. 3129(E), dated the 26th September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated the 26th September, 2017, namely:—
[Notification No. 2/2018/F. No. 200/63/2017-ITA-I] VINAY SHEEL GAUTAM, Under Secy.
Note : Principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number, S.O. 3129(E), dated the 26th September, 2017.
