notification no. 2/2025 f.no. 275/110/2024 it b / so 20 e · 02 Jan 2025
CBDT notification · 02 Jan 2025
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 2nd January, 2025 (INCOME-TAX) S.O. 20(E).—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act,1961 (43 of 1961) (hereinafter referred to as the s…
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THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 2nd January, 2025
(INCOME-TAX)
S.O. 20(E).—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act,1961 (43 of 1961) (hereinafter referred to as the said Act), the Central Government hereby notifies that no deduction of income-tax under Chapter XVII of the said Act shall be made on the payments received by a credit guarantee fund established and wholly financed by the Central Government and managed by the National Credit Guarantee Trustee Company Limited as referred to in sub-clause (ii) of clause (46B) of section 10 of the said Act.
- This notification shall come into force from the date of its publication in the Official Gazette.
[F. No. 2/2025/F.No. 275/110/2024-IT(B)] RUBAL SINGH, Dy. Secy. (IT-Budget)
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.
Source details
- Source
- Central Board of Direct Taxes / Income Tax Department
- Type
- notification
- Published by source
- 02 Jan 2025
- Coverage area
- direct-tax