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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th September, 2021 INCOME-TAX S.O. 3678(E).In exercise of the powers conferred by clause (viiaf) of the section 47 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the transfer of capital assetunder plan approved by Central Government from Air India Limited (PAN: AACCN6194P), beingtransferor public sector company, to Air India Assets Holding Limited
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1 Year PLAN
1999
(Excl. of GST ₹359)
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2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
The notification concerns the transfer of capital assets from Air India Limited to Air India Assets Holding Limited under a Central Government-approved plan.
This notification is made under clause (viiaf) of section 47 of the Income-tax Act, 1961.
The notification comes into force with effect from 1st April 2022.
It will apply in relation to the assessment year 2022-2023 and subsequent assessment years.
Air India Limited has PAN AACCN6194P, and Air India Assets Holding Limited has PAN AAQCA4703M.
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Notification No : 104/2021-Income TaxPublished in Income Tax
Source : https://egazette.nic.in/