Date: 2020-07-06Category: Extra OrdinaryState: Union GovernmentCountry: India
Central Government hereby specifies business for the purposes of said item b to be the business which is engaged in the infrastructure sub sectors mentioned in Updated Harmonised Master List of Infrastructure Sub sectors in the notification of the Government of India in the Ministry of Finance
This notification, S.O. 2227(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on July 6, 2020, specifies the businesses eligible under item (b) of sub-clause (iii) of clause (23FE) of Section 10 of the Income-tax Act, 1961. The specified businesses are those engaged in infrastructure sub-sectors as defined in the Updated Harmonised Master List of Infrastructure Sub-sectors, published by the Department of Economic Affairs vide F.No. 1332017-INF dated August 13, 2018. This specification excludes businesses already covered under the said item (b). The notification takes effect from April 1, 2021, and applies to assessment year 2021-22 and subsequent assessment years. The notification number is 44/2020/F. No. 370142/24/2020-TPL. Contact person is Neha Sahay, Under Secretary, Tax Policy and Legislation Division.
Key Entities Referenced
Central Board of Direct Taxes: A government organization under the Department of Revenue, Ministry of Finance, responsible for direct tax administration in India.
Ministry of Finance: The ministry responsible for the financial matters of the Government of India.
Department of Revenue: A department under the Ministry of Finance, Government of India.
Income-tax Act, 1961: The primary legislation governing income tax in India.
Updated Harmonised Master List of Infrastructure Subsectors: A list specifying the infrastructure subsectors eligible for certain benefits or classifications, published by the Department of Economic Affairs, Ministry of Finance.
Department of Economic Affairs: A department under the Ministry of Finance, Government of India.
Section 10 of the Income-tax Act, 1961: Section of the Income-tax Act, 1961 that provides exemptions from income tax.
New Delhi: The capital city of India, where the notification was issued.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99
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सी.जी.-डी.एल.-xअxx.G-0ID6E0x7xx2 020-220389
CG-DL-E-06072020-220389
असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 1970] नई ददल्ली, सोमिार, िलु ाई 6, 2020/आषाढ़ 15, 1942
No. 1970] NEW DELHI, MONDAY, JULY 6, 2020/ASADHA 15, 1942
जित्त मंत्रालय
(रािस्ट्ि जिभाग)
(केंद्रीय प्रत्यक्ष कर बोड)ड
अजधसचू ना
नई ददल् ली, 6 िलु ाई, 2020
आय-कर
का.आ. 2227(अ).—केन्द्द्रीय सरकार, आय-कर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (23चङ) के
उपखंड (iii) की मद (ख) द्वारा प्रदत्त िजियों का प्रयोग करत ेहुए, उि मद (ख) के प्रयोिनों के जलए, कारबार को ऐसे कारबार के
रूप म ेंजिजनर्ददष्ट करती ह,ै िो भारत सरकार, जित्त मंत्रालय, आर्थथक कायड जिभाग की भारत के रािपत्र, असाधारण में संखयांक
एफ सं0 13/3/2017-आई.एन.एफ. तारीख 13 अगस्ट्त, 2018 द्वारा प्रकाजित अजधसूचना म ें िर्थणत अिसंरचना उपक्षेत्र की
अद्यतन सुव्यिजस्ट्थत मास्ट्टर सूची में िर्थणत अिसंरचना उपक्षेत्रों म ेंलगा हुआ ह ै।
2. अिसंरचना उपक्षेत्रों की उि सुव्यिजस्ट्थत मास्ट्टर सूची म ें अिसंरचना उपक्षेत्रों के प्रजत जनदेि में उि मद
(ख) में पहल े से ही उपबंजधत कारबार सजममजलत नहह होगा ।
3005 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
3. यह अजधसूचना 1 अप्रलै , 2021 से प्रिृत्त होगी और जनधाडरण िषड 2021-22 और पश्चात्िती जनधाडरण िषों
को लाग ूहोगी ।
[अजधसूचना सं0 44/2020/फा0सं0 370142/ 24 /2020-टीपीएल)]
नेहा सहाय, अिर सजचि
(कर नीजत और जिधान प्रभाग)
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 6 th July, 2020
INCOME – TAX
S.O. 2227E).—In exercise of the powers conferred by item (b) of sub-clause (iii) of clause (23FE) of
section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies business, for the
purposes of said item (b), to be the business which is engaged in the infrastructure sub-sectors mentioned in
Updated Harmonised Master List of Infrastructure Sub-sectors in the notification of the Government of India in
the Ministry of Finance, Department of Economic Affairs, published in Gazette of India, Extraordinary, vide
number, F.No.13/3/2017-INF dated 13th August, 2018.
2. The reference to the infrastructure sub-sectors in the said Harmonised Master List of Infrastructure
Sub-sectors shall not include the business already provided in the said item (b).
3. This notification shall come into force from the 1st day of April, 2021 and shall be applicable for
assessment year 2021-22 and subsequent assessment years.
[Notification No. 44/2020/F. No. 370142/24/2020-TPL]
NEHA SAHAY, Under Secy.
(Tax Policy and Legislation Division)
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.