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<h1>Procedure for Stock Exchange Recognition under Rule 6DDB of Income-tax Rules, 1962: Application, Documents, and Decision Timeline</h1> Rule 6DDB of the Income-tax Rules, 1962, outlines the procedure for a stock exchange to be recognized for the purposes of clause (d) of proviso to clause (5) of section 43. An application must be submitted to the Member (Income Tax) of the Central Board of Direct Taxes, accompanied by specific documents, including approval from the Securities and Exchange Board of India and relevant rules and regulations. The Central Government may request additional information and must decide on the application within four months. The notification remains effective until the approval is withdrawn, expired, or rescinded by the government.