Income Tax Notification

Notification no. 2/2025 dated 02.01.2025- Income tax

CBDT issued notification no. 2/2025 dated 02.01.2025 vide which the Central Government 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.

Income Tax Notification

Notification no. 126/2024 dated 10.12.2024- Income tax

CBDT issued notification no. 126/2024 dated 10.12.2024 to hereby
designates the courts mentioned in column (2) of the Table below in the State of Tamil Nadu, as Special Courts for the areas mentioned in column (3) of the said Table, for the purposes of sub-section (1) of section 280A of the Income tax Act, 1961 (43 of 1961) and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015), namely –