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The Central Board of Direct Taxes exempts receipts from specified entities from the application of section 269ST of the Income-tax Act, 1961. Any person receives funds from an entity referred to in sub-clause (b) of clause (i) of the proviso to section 269ST under this exemption. The notification applies with effect from 1st day of April, 2017.
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TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)
New Delhi, the 5th April, 2017
NOTIFICATION
S.O. 1057(E).- In exercise of the powers conferred by clause (iii) of the proviso to section 269ST of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the provision of section 269ST shall not apply to receipt by any person from an entity referred to in sub-clause (b) of clause (i) of the proviso to section 269ST.
[Notification No.28/2017, F.No.370142/10/2017-TPL
(Dr. T.S. Mapwal) Under Secretary to the Government of India
