CBDT amends Rule 17C, notifies Power Grid Infrastructure Investment Trust as a prescribed mode of Investment u/s 11(5) of Income Tax Act [Read Notification]
CBDT amends Rule 17C, notifies Power Grid Infrastructure Investment Trust as a prescribed mode of Investment u/s 11(5) of Income Tax Act
By Kalyani B. Nair - On December 21, 2023 11:49 am - 2 mins read
The Central Board of Direct Taxes (CBDT) amended Rule 17C and notified that Power Grid Infrastructure Investment Trust as a prescribed mode of Investment under Section 11(5) of the Income Tax Act, 1961. The notification reads that In exercise of the powers conferred by clause (xii) of sub-section (5) of section 11 read with section…
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