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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th September, 2020 S.O. 3122(E).In exercise of the powers conferred by clause (47) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Infrastructure Debt Fund namely, the LT Infra Debt Fund (PAN: AACCL4493R) for the purposes of the said clause, for the assessment year 2018-2019 and subsequent years subject to the following c
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FAQ :
This notification designates the L&T Infra Debt Fund as an Infrastructure Debt Fund for the purposes of clause (47) of section 10 of the Income-tax Act, 1961.
The notification covers the assessment year 2018-2019 and all subsequent years.
The fund must comply with the Income-tax Act, 1961, rule 2F of the Income-tax Rules, 1962, and conditions set by the Reserve Bank of India. It must also file its return of income by the due date.
The notification was issued by the Central Government through the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes).
An explanatory memorandum certifies that no person is adversely affected by any retrospective effect of this notification.
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Source : https://www.incometaxindia.gov.in/communications/notification/notification_74_2020.pdf