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of <h1>Central Government exempts National Credit Guarantee Trustee Co. Ltd. from income-tax deductions under Chapter XVII, per section 10(46B)(i).</h1> The Central Government has issued Notification No. 01/2025, dated January 2, 2025, under the Income-tax Act, 1961. It states that no income-tax deduction under Chapter XVII will be made on payments received by the National Credit Guarantee Trustee Company Limited. This company is established and wholly financed by the Central Government for operating credit guarantee funds, as specified in section 10, clause (46B), sub-clause (i) of the Act. The notification takes effect from its publication date in the Official Gazette.
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