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The Central Government specifies the Press Trust of India Limited as a news agency for section 10 clause 22B of the Income-tax Act, 1961. This designation applies for the assessment years 2016-17 to 2018-19. The news agency collects and distributes news solely in India. The news agency applies its income or accumulates it for application solely for collection and distribution of news. The news agency does not distribute its income in any manner to its members.
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3607 GI/2015 (1)
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24th August, 2015 (Income Tax) S.O. 2298(E).—In exercise of the powers conferred by the clause (22B) of section 10 of the Income- tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Press Trust of India Limited, New Delhi as a news agency set up in India solely for collection and distribution of news, for the purpose of the said clause for three assessment years 2016-17 to 2018-19.
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 2. The notification is subject to the condition that the news agency applies its income or accumulates it for application solely for collection and distribution of news and does not distribute its income in any manner to its members. [Notification No. 72/2015/F. No. 165/5/2014-ITA-I] DEEPSHIKHA SHARMA, Director
