Exemption from Tax Deduction for Payments to CGTMSE

Type of Document: Notification

Notification Date: 18th December 2024

Relevant Act(s)/Rule(s): Income Tax Act, 1961

Relevant Section(s)/Rules(s): Section 10(46B), Chapter XVII

The Central Government notifies that no deduction of income-tax shall be made under Chapter XVII of the said Act on any payment received by the Credit Guarantee Fund Trust for Micro and Small Enterprises as referred to in clause (46B) of section 10 of the said Act

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