CBDT notifies NCCL's Core Settlement Guarantee Fund for tax exemption under old Income Tax Act

The Central Board of Direct Taxes has notified the Core Settlement Guarantee Fund for tax exemption. This exemption applies to assessment years from 2019-20 through 2026-27. The move ensures continuity of tax benefits despite the new Income Tax Act. The fund must file its income tax return and remain SEBI recognised. This notification preserves the fund’s tax treatment under transitional provisions.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *