Income Tax:
Notification No. | Effect of the notification |
[Notification No. 29/2024 dated 13th March 2024] | IIT Kharagpur having PAN AAAJI0323G is notified under the University, college or other institution’ for ‘Scientific Research’ for the purpose of Section 35 of Income Tax Act 1961, valid for the FY 2023-24 and shall be applicable till FY 2029-2030. |
[Notification No. 30/2024 dated 13th March 2024] | Sardar Vallabhbhai National Institute of Technology, Surat having PAN AAAJS1184P is notified under the University, college or other institution’ for ‘Scientific Research’ for the purpose of Section 35 of Income Tax Act 1961, valid for the FY 2023-24 and shall be applicable till FY 2029-2030. |
[Notification No. 31/2024 dated 13th March 2024] | National Forensic Sciences University, Gandhinagar having PAN AAALN3742Q is notified under the University, college or other institution’ for ‘Scientific Research’ for the purpose of Section 35 of Income Tax Act 1961, valid for the FY 2023-24 and shall be applicable till FY 2029-2030. |
[Notification No. 32/2024 dated 15th March 2024] | Central government notifies, “The Press Trust of India Limited, New Delhi” as the news agency set up in India solely for collection and distribution of news, for the purpose of Clause 22B of Section 10, for FY 2021-22 and FY 2022-23, subject to conditions laid down. |
[Notification No. 33/2024 dated 19th March 2024] | “Para 2 of Article 13 w.r.t. Royalties and Fees for Technical Services” of Double Tax Avoidance Agreement between India and Spain is amended w.e.f FY 2023-24. |
[Notification No. 34/2024 dated 19th March 2024] | Corrigendum to Notification No. 27/2024 dated 5th March 2024, for amendment in Part B of Form 3CD, Clause 26 changes shall be withheld, and Clause 22 will be changed w.r.t reporting of Tax Disallowance under clause (h) of Section 43B of Income Tax Act 1961. |