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April 19, 2022

CBDT notifies National Bank for Financing Infrastructure and Development under section 10(48D) of Income Tax Act, 1961

by CA Shivam Jaiswal in Income Tax

CBDT notifies National Bank for Financing Infrastructure and Development under section 10(48D) of Income Tax Act, 1961

MINISTRY OF OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF DIRECT TAXES)

New Delhi, the 18th April, 2022

S.O. 1825(E).—In exercise of the powers conferred by clause (48D) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies the National Bank for Financing Infrastructure and Development, established under section 3 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of 2021), for the purposes of the said clause for a period of ten consecutive assessment years beginning from the assessment year 2022-2023.

2. This notification shall come into force from the date of its notification in the Official Gazette.

[Notification No. 31/2022/F. No. 370142/17/2022-TPL]

NEHA SAHAY, Under Secy.

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