CBDT notifies ‘Insolvency and Bankruptcy Board of India’ for exemption u/s 10(46)
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- By Chetan Kulasri
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- Last Updated on 3 March, 2023
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Notification No.09/2023, dated 01-03-2023
The Central Board of Direct Taxes (CBDT) has notified ‘Insolvency and Bankruptcy Board of India’, a Board established by the Central Government, for the purposes of section 10(46) exemption.
Grants-in-aid received from Central Government, fees and fines collected under the Insolvency and Bankruptcy Code, 2016 and interest income accrued these incomes shall be exempt under section 10(46).
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