Specified institutions list under section 40A(8) - Tenth Schedule adds named public bodies affecting tax treatment of payments. Insertion of a Tenth Schedule into the Income-tax Act adds a prescribed list of named public financial institutions and corporations, effective from the operative date, for the purposes of the provision identified as section 40A(8), thereby designating those entities for the specific tax treatment connected to that provision.
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Provisions expressly mentioned in the judgment/order text.
Specified institutions list under section 40A(8) - Tenth Schedule adds named public bodies affecting tax treatment of payments.
Insertion of a Tenth Schedule into the Income-tax Act adds a prescribed list of named public financial institutions and corporations, effective from the operative date, for the purposes of the provision identified as section 40A(8), thereby designating those entities for the specific tax treatment connected to that provision.
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