Notification No. 104/2021-Income Tax | Dated: 10th September, 2021

Last updated: 13 September 2021

Save Share

Quick Summary

This notification, dated 10th September 2021, concerns the transfer of capital assets from Air India Limited to Air India Assets Holding Limited. This transfer is made under a plan approved by the Central Government and is specifically for the purposes of clause (viiaf) of section 47 of the Income-tax Act, 1961. The notification comes into effect from 1st April 2022, applying to the assessment year 2022-2023 and onwards.

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

Daily Limit Reached

You have reached your daily limit of 2 Free Notice & Circular

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Notice & Circular Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

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.

Notification No : 104/2021-Income Tax
Source : https://egazette.nic.in/

203 Views Comment Share Income Tax Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments