Section
10(22B) of the Income-tax Act, 1961 - Exemptions - News Agency - Notified News Agency
Notification
No. 35/2013, [F.NO. 165/06/2012-ITA.I], dated 17.05.2013
In exercise of
the powers conferred by the clause (22B) of section 10 of the Income-tax Act,
1961 (43 of 1961), the Central Government hereby specifies the "The Press
Trust of India Limited, New Delhi" as a news agency set up in India solely
for collection and distribution of news, for the purpose of the said clause for
two assessment years 2014-15 to 2015-16.
2. The
notification is subject to the condition that the news agency applies its
income or accumulates it for application solely for collection and distribution
of news and does not distribute its income in any manner to its members.
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