Sec. 10(23EE) CBDT notifies Core Settlement Guarantee Fund of ICCL

CBDT notifies Core Settlement Guarantee Fund, set up by Indian Clearing Corporation Limited (ICCL), Mumbai for the purpose of clause (23EE) of section 10 of the Income-tax Act, 1961

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF DIRECT TAXES)

(Income-tax)

Notification No. 50/2016

New Delhi, the 23rd June, 2016

S.O. 2183(E).-In exercise of the powers conferred by clause (23EE) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notify the Core Settlement Guarantee Fund, set up by Indian Clearing Corporation Limited (ICCL), Mumbai, a recognised clearing corporation, for the purposes of the said clause, for the assessment year 2016-17 and subsequent assessment years.

[F. No. 197/47/2015-ITA-I]

DEEPSHIKHA SHARMA, Director