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of <h1>National Bank for Financing Infrastructure and Development Gains Tax Benefits u/s 10(48D) of Income-tax Act for 10 Years.</h1> The Central Government has issued a notification regarding the National Bank for Financing Infrastructure and Development, established under the National Bank for Financing Infrastructure and Development Act, 2021. This notification, effective from its publication date in the Official Gazette, recognizes the bank under clause (48D) of section 10 of the Income-tax Act, 1961. It grants the bank tax-related benefits for ten consecutive assessment years, starting from the 2022-2023 assessment year. The notification is issued by the Ministry of Finance, Department of Revenue, through the Central Board of Direct Taxes.
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