CBDT notifies that, no tax shall be deducted for certain payments made by payers to units in...

CBDT notifies that, no tax shall be deducted for certain payments made by payers to units in International Financial Services Centres (IFSC), as detailed in the provided list. It outlines conditions, definitions, and applicable provisions under the Income-tax Act, 1961, aiming to regulate financial transactions within these centres effectively. - The notification will come into force on April 1, 2024. .....

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