Central Government specifies the “The Press Trust of India Limited, New Delhi” as a news agency set up in India solely for collection and distribution of news for two assessment years 2022-2023 to 2023-2024 for the purpose of section 10(22B) - 32/2024 - Income Tax Act, 1961
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News agency specification under section 10 clause confirms tax-exempt status where income is used solely for news collection and distribution. The Central Government designates The Press Trust of India Limited, New Delhi, as a news agency qualifying for exemption under the Income-tax Act clause for the specified assessment period, conditional on the agency applying or accumulating its income solely for collection and distribution of news and not distributing income to its members.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
News agency specification under section 10 clause confirms tax-exempt status where income is used solely for news collection and distribution.
The Central Government designates The Press Trust of India Limited, New Delhi, as a news agency qualifying for exemption under the Income-tax Act clause for the specified assessment period, conditional on the agency applying or accumulating its income solely for collection and distribution of news and not distributing income to its members.
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