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of <h1>Government Notifies Financial Institutions Under Income-tax Act Sections 280ZB and 280ZD for Tax Purposes</h1> The Central Government, under the Income-tax Act, 1961, notifies certain institutions for the purposes of clauses in section 280ZB and section 280ZD. The notified entities include the Industrial Development Bank of India, Industrial Finance Corporation of India, State Financial Corporations, Industrial Credit and Investment Corporation of India Ltd, and Madras Industrial and Investment Corporation of India Ltd. Additionally, international institutions such as the International Bank for Reconstruction and Development, International Finance Corporation, KREDITANSTALT FUR WIEDERAUBAU, and various export-import banks and development finance companies from the United States, Japan, Italy, France, and other countries are included.
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