CBDT notifies ‘Insolvency and Bankruptcy Board of India’ for exemption u/s 10(46)

 ​    Notification No.09/2023, dated 01-03-2023 The … Continue reading “CBDT notifies ‘Insolvency and Bankruptcy Board of India’ for exemption u/s 10(46)”
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Notification No.09/2023, dated 01-03-2023

The Central Board of Direct Taxes (CBDT) has notified ‘Insolvency and Bankruptcy Board of India’, a Board established by the Central Government, for the purposes of section 10(46) exemption.

Grants-in-aid received from Central Government, fees and fines collected under the Insolvency and Bankruptcy Code, 2016 and interest income accrued these incomes shall be exempt under section 10(46).

Click Here To Read The Full Notification

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