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Income Tax - Highlights / Catch Notes

Home Highlights January 2025 Year 2025 This

Central Government notified u/s 197A(1F) of Income Tax Act, 1961 ...


Payments to National Credit Guarantee Fund Exempt from Income Tax Deduction u/s 197A.

January 4, 2025

Notifications     Income Tax

Central Government notified u/s 197A(1F) of Income Tax Act, 1961 that no tax deduction under Chapter XVII shall be made on payments received by credit guarantee fund established, financed and managed by National Credit Guarantee Trustee Company Limited as per Section 10(46B)(ii), exempt from income tax. Notification effective from date of publication in Official Gazette.

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