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PTI notified as a news agency for the purposes of Section 10(22B)

Notification No. 72/2015 - Income Tax Income Tax Notification No. 72/2015 new Dated: 24-8-2015 The Press Trust of India Limited, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2016-17 to 2018-19

 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,

PART II, SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION  NO. 72/2015

New Delhi, the 24th August, 2015

(Income Tax)

S.O. (E).- In exercise of the powers conferred by the clause (22B) of section 10 of the Income-tax Act. 1961 (43 of 1961), the Central Government hereby specifies the Press Trust of India Limited, New Delhi as a news agency set up in India solely for collection and distribution of news, for the purpose of the said clause for three assessment years 2016-17 to 2018-19.

2.  The notification is subject to the condition that the news agency applies its income or accumulates it for application solely for collection and distribution of news and does not distribute its income in any manner to its members.

[F. No. 165/5/2014-ITA-I]

(Deepshikha Sharma)

Director, Government of India

Categories: Income Tax
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