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of <h1>Central Government Designates Press Trust of India as News Agency u/s 10(22B) of Income-tax Act 1961.</h1> The Central Government has designated 'The Press Trust of India Limited, New Delhi' as a news agency for the collection and distribution of news under section 10(22B) of the Income-tax Act, 1961. This specification applies for the assessment years 2022-2023 to 2023-2024. The notification mandates that the agency must use or accumulate its income solely for news collection and distribution purposes and prohibits the distribution of income to its members. This decision is issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes.
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