Income Tax Act Sections 43B & 43D Amended: Clarifies NBFC Classification for Deposit and Systemically Important Companies.

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....Non-Banking Financial Company (NBFC) categorization - Amendment made in sec 43B and 43D to substitute the words, “a deposit taking non-banking financial company or systemically important non-deposit taking non-banking financial company”, for the words “such class of non-banking financial companies as may be notified by the Central Government in the Official Gazette in this behalf”.....