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of <h1>Central Govt Designates Press Trust of India as News Agency for Tax Purposes u/s 10(22B) for 2016-19.</h1> The Central Government, under the powers of Section 10(22B) of the Income-tax Act, 1961, has designated the Press Trust of India Limited, New Delhi, as a news agency for the assessment years 2016-17 to 2018-19. This designation allows the agency to be recognized for tax purposes, provided it uses or accumulates its income solely for the collection and distribution of news and does not distribute income to its members. This notification, issued by the Ministry of Finance's Department of Revenue, outlines the conditions under which the agency must operate to maintain this status.
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