Tax notification name amendment updates exempt entity's official designation in income tax records, clarifying beneficiary name. The Central Government, invoking clause (iv) of sub section (23C) of section 10 of the Income tax Act, 1961, amends notification No. 2120 to replace the entity name 'People's Action for Development (India) Maharashtra State Committee.' with 'Peoples Action for Development (Maharashtra)', thereby correcting the official designation used in the income tax exemption notification.
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Tax notification name amendment updates exempt entity's official designation in income tax records, clarifying beneficiary name.
The Central Government, invoking clause (iv) of sub section (23C) of section 10 of the Income tax Act, 1961, amends notification No. 2120 to replace the entity name "People's Action for Development (India) Maharashtra State Committee." with "Peoples Action for Development (Maharashtra)", thereby correcting the official designation used in the income tax exemption notification.
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