Income-tax Amendment (Twenty-Eighth Amendment) Rules, 2023

Dec 19, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Central Board of Direct Taxes (CBDT) on December 18, 2023, notified the Income-tax Amendment (Twenty-Eighth Amendment) Rules, 2023 further to amend the Income-tax Rules, 1962.

The following has been stated: -

•In the Income-tax Rules, 1962, in rule 17C, after clause (ix), the following clause shall be inserted, namely: -

“(x) investment by way of acquiring units of POWERGRID Infrastructure Investment Trust.”.

They shall come into force on December 18, 2023.

The detailed notification is given in the document attached below.

[Notification No. G.S.R. 898(E)]

View Document 1

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