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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 7th March, 2024 INCOME TAX S.O. 1135(E).In exercise of the powers conferred by sub-section (1F) of section 197A read with subsection (1A) and sub-section (2) of section 80LA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred as the Income-tax Act), the Central Government hereby notifies that no deduction of tax shall be made under the provisions of the Income-tax Act as spe
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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)
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FAQ :
The notification grants tax deduction exemptions for payments made to Units of International Financial Services Centres (IFSC).
These tax exemptions are governed by the Income-tax Act, 1961.
Units of International Financial Services Centres (IFSC) are eligible to receive these exempt payments.
A 'payer' is the entity making the payment, and a 'payee' is a Unit of an International Financial Services Centre receiving the payment.
The full details of the tax deduction exemptions are available in the attached notification.
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Source : https://www.pdicai.org/Docs/Notification-No-28-2024_1232024163929970.pdf