Date: 2015-08-24Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by the clause (22B) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Govt., hereby specifies the Press Trust of India Limited, New Delhi.
Executive Summary:
This document contains two notifications from the Ministry of Finance's Central Board of Direct Taxes, issued on August 24, 2015. The first notification specifies the Press Trust of India Limited, New Delhi, as a news agency eligible for income tax benefits under Section 10(22B) of the Income Tax Act for assessment years 2016-17 to 2018-19. The second notification designates Additional Commissioners and Joint Commissioners of Income Tax as Assessing Officers under the Black Money Act of 2015.
Key Points / Main Content:
Income Tax Notification (S.O. 2298E):
* **Eligibility:** The Press Trust of India Limited, New Delhi, is specified as a qualifying news agency under Section 10(22B) of the Income Tax Act, 1961.
* **Assessment Years:** This specification applies for assessment years 2016-17, 2017-18, and 2018-19.
* **Condition:** The news agency must apply or accumulate its income solely for news collection and distribution and must not distribute income to its members.
Black Money Act Notification (S.O. 2299E):
* **Designation of Assessing Officers:** Additional Commissioners of Income Tax and Joint Commissioners of Income Tax are designated as Assessing Officers under the Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act, 2015.
* **Scope of Authority:** Their authority extends to territorial areas, persons, incomes, or cases as authorized by the Principal Chief Commissioner, Chief Commissioner, Director General, Principal Commissioner, or Commissioner of Income Tax, following Board directions under Section 120(1) and 120(2) of the Income Tax Act, 1961.
Impact Analysis:
Press Trust of India Limited, New Delhi:
* Impact: Eligible for income tax benefits under Section 10(22B) of the Income Tax Act, 1961, for assessment years 2016-17 to 2018-19, provided they meet the specified condition.
* Action Required: Ensure income is applied/accumulated solely for news collection and distribution and that no income is distributed to members.
Additional Commissioners and Joint Commissioners of Income Tax:
* Impact: Designated as Assessing Officers under the Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act, 2015.
* Action Required: Exercise powers and perform functions as Assessing Officers within their authorized scope, as per the directions of the Principal Chief Commissioner, Chief Commissioner, Director General, Principal Commissioner, or Commissioner of Income Tax.
Key Entities Referenced
Central Board of Direct Taxes: A government body under the Department of Revenue, Ministry of Finance, responsible for direct tax administration in India.
Income Tax Act, 1961: A law enacted in India that governs the taxation of income.
Press Trust of India Limited, New Delhi: A news agency in India, specified in the notification for tax-related purposes under the Income Tax Act, 1961.
New Delhi: The capital city of India, where the notifications were issued and where Press Trust of India Limited is located.
Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act, 2015: An act related to taxation and regulation of undisclosed foreign income and assets.
Additional Commissioners of Incometax: An income tax authority responsible for exercising powers under the Black Money Act.
Joint Commissioners of Incometax: An income tax authority responsible for exercising powers under the Black Money Act.
Department of Revenue: A department within the Ministry of Finance.
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((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वव वव ििििववववभभभभाााागगगग))))
((((ककककेेेे(cid:10)(cid:10)(cid:10)(cid:10)(cid:11)(cid:11) (cid:11)(cid:11) ीीीीयययय (cid:14)(cid:14)(cid:14)(cid:14)(cid:15)(cid:15)(cid:15)(cid:15)यय यय (cid:16)(cid:16)(cid:16)(cid:16) ककककरररर बबबबोोोोडडडड(cid:20))(cid:20))(cid:20))(cid:20))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ल ी, 24 अग(cid:11)त , 2015
((((आयकर))))
का.आ. 2222222299998888(अ).————आयकर अिधिनयम, 1961 (1961 का 43) क(cid:15) धारा 10 के उपावा(cid:23)य -(22ख) के तहत (cid:27)द(cid:28)त शि(cid:31)य का
(cid:27)योग करते "ए के$ % सरकार ,rn~~}kjk (cid:27)ेस ’(cid:11) ट ऑफ इंिडया िलिमटेड, नई (cid:4)द(cid:6)ल ी को वष1 2016-17 से 2018-19 तक के तीन िनधार1 ण
वष3 के िलए उ(cid:23) त उपवा(cid:23) य के (cid:27)योजन हते ु समाचार के सं7हण और संिवतरण मा9 के िलए भारत म; (cid:11)थ ािपत समाचार एज;सी के =प म;
(cid:27)ािधकृत करती है।
2. यह अिधसूचना इस शत1 के अधीन ह ै (cid:4)क यह समाचार एज;सी अपनी आय का (cid:27)योग या सं7हण समाचार के संकलन एवं
िवतरण मा9 के िलए (cid:27)योग करेगी और इसे यह (cid:4)कसी भी (cid:27)कार से अपने सद(cid:11)य को िवतBरत नहC करेगी।
[अिधसूचना सं. 72/2015/फा. स.ं 165/05/2014-(आईटीए-I)]
दीपिशखा शमा,1 िनदशे क
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 24th August, 2015
(Income Tax)
S.O. 2298(E).—In exercise of the powers conferred by the clause (22B) of section 10 of the Income-
tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Press Trust of India Limited, New
Delhi as a news agency set up in India solely for collection and distribution of news, for the purpose of the
said clause for three assessment years 2016-17 to 2018-19.
3607 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. The notification is subject to the condition that the news agency applies its income or
accumulates it for application solely for collection and distribution of news and does not distribute its income
in any manner to its members.
[Notification No. 72/2015/F. No. 165/5/2014-ITA-I]
DEEPSHIKHA SHARMA, Director
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ल ी, 24 अग(cid:11)त , 2015
[ककककााााललललाााा धधधधनननन ((((अअअअघघघघोोोोििििषषषषतततत आआआआयययय औऔऔऔरररर पपपप(cid:19)(cid:19)(cid:19)(cid:19)ररररससससपपंंपपंं िििि(cid:22)(cid:22)(cid:22)(cid:22)ययययाााा))ंं))ंं औऔऔऔरररर ककककररररााााररररोोोोपपपपणणणण]
ककककाााा....आआआआ.... 2222222299999999((((अअअअ))))....————आयकर अिधिनयम, 1961 (1961 का 43) क(cid:29) धारा 120 क(cid:29) उपधारा-(4) उपखंड (ख),
काला धन (अघोिषत िवदेशी आय और प%रसंपि(यां) और करारोपण अिधिनयम, 2015 (2015 का 22) क(cid:29) धारा 6 के साथ
प%ठत, के तहत .द/ त शि0य1 का .योग करत े 2ए, के45 ीय ./य 6 कर बोड 9 ,rn~~}kjk िनदेश देता ह ै (cid:4)क अपर आयकर आयु<त
या संयु< त आयकर आयु<त , जैसी भी ि(cid:11)थित हो उक् त काला धन (अघोिषत आय और प%रसंपि(यां) और करारोपण
अिधिनयम, 2015 के अतं गत9 ऐसे भौगोिलक 6ेE1 या Fय ि0य1 या Fय ि0य1 के वग9, आय या आय वग 9 या मामल1 या मामल1
के वगH के बारे मI उन िनधार9 ण अिधका%रय1 के उन शि0य1 का .योग करIग े और कतF9 य 1 का िनवा9ह करIग े िजसके िलए ऐसे
अपर आयकर आयु<त , या संय<ु त आयकर आयु<त , को उ<त आयकर अिधिनयम, 1961 क(cid:29) धारा 120 क(cid:29) उपधारा (1) और
(2) के अंतग9त बोड 9 के िनदेश1 के अनुसरण मI .धान मुJय आयकर आयु<त या मुJय आयकर आयु<त या आयकर महािनदेशक
या .धान आयकर आयु<त या आयकर आयु< त Kारा .ािधकृत (cid:4)कया गया हो।
[अिधसूचना स.ं 73/2015/फा. सं. 187/13/2015-(आईटीए-I)]
दीपिशखा शमा,9 िनदेशक
NOTIFICATION
New Delhi, the 24th August, 2015
[Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax]
S.O. 2299(E).—In exercise of the powers conferred by clause (b) of sub-section (4) of section 120 of
the Income-tax Act, 1961 (43 of 1961) read with section 6 of the Black Money (Undisclosed Foreign Income
and Assets) and Imposition of Tax Act, 2015 (22 of 2015), the Central Board of Direct Taxes hereby directs
that the Additional Commissioners of Income-tax or the Joint Commissioners of Income-tax, as the case may
be, shall exercise the powers and perform the functions of the Assessing Officers under the said Black Money
(Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, in respect of territorial areas or
persons or classes of persons or incomes or classes of incomes or cases or classes of cases, in respect of
which such Additional Commissioners of Income-tax or Joint Commissioners of Income-tax have been
authorised by the Principal Chief Commissioner of Income-tax or the Chief Commissioner of Income-tax or
the Director General of Income-tax or the Principal Commissioner of Income-tax or the Commissioner of
Income-tax in pursuance to the directions of the Board under sub-section (1) and (2) of section 120 of the said
Income-tax Act, 1961.
[Notification No. 73/2015/F. No. 187/13/2015 (ITA.I)]
DEEPSHIKHA SHARMA, Director
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