CBDT notifies Multi Commodity Exchange Investor (Client) Protection Fund Trust U/s. 10(23EC)

Central Board of Direct Taxes (CBDT) has issued a significant notification, No. 77/2023, under the Income-tax Act, 1961. This notification pertains to the Multi Commodity Exchange Investor (Client) Protection Fund Trust, established by the Multi Commodity Exchange of India Limited (MCX), Mumbai. The notification is specifically related to the provisions of sub-section (23EC) of section 10 of the Income-tax Act, 1961. It is essential to understand the implications and purpose of this notification.

Ministry of Finance
(Department of Revenue)
(Central Board of Direct Taxes)

Notification No. 77/2023- Income Tax Dated: 12th September, 2023

S.O. 3984(E).—In exercise of the powers conferred by sub-section (23EC) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Multi Commodity Exchange Investor (Client) Protection Fund Trust set up by Multi Commodity Exchange of India Limited, Mumbai for the purposes of the said clause for the assessment year 2014-15.

[Notification No.77 /2023/ F. No. 173/105/2013-ITA-1]

VIKAS SINGH, Director (ITA-I)

Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect to this notification.