Income-tax (Twenty-Fourth Amendment) Rules, 2025. - Amends Rule 21AIA - Other conditions required to be fulfilled by a specified fund - 136/2025 - Income Tax Act, 1961
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Specified fund definition revised under rule 21AIA, aligning its meaning with the Income-tax Act explanation. Rule 21AIA is amended by omitting sub-rule (4) and substituting the Explanation so that the expression 'specified fund' shall have the same meaning as assigned in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Income-tax Act; the amendment takes effect on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Specified fund definition revised under rule 21AIA, aligning its meaning with the Income-tax Act explanation.
Rule 21AIA is amended by omitting sub-rule (4) and substituting the Explanation so that the expression "specified fund" shall have the same meaning as assigned in sub-clause (i) of clause (c) of the Explanation to clause (4D) of section 10 of the Income-tax Act; the amendment takes effect on publication in the Official Gazette.
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