CBDT notifies National Bank for Financing Infrastructure and Development (NBFID) under section 10(48D) of Income Tax Act, 1961 vide Notification No. 31/2022 – Income Tax Dated: 18th April, 2022.

MINISTRY OF OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 18th April, 2022

Notification No. 31/2022 – Income Tax

S.O. 1825(E).—In exercise of the powers conferred by clause (48D) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies the National Bank for Financing Infrastructure and Development, established under section 3 of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of 2021), for the purposes of the said clause for a period of ten consecutive assessment years beginning from the assessment year 2022-2023.

2. This notification shall come into force from the date of its notification in the Official Gazette.

[Notification No. 31/2022/F. No. 370142/17/2022-TPL]

NEHA SAHAY, Under Secy.

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