RULE 24 INCOME-TAX RULES 2026
Notification of infrastructure facility for the purposes of section 32(e).
24. The following conditions shall be fulfilled by a public facility to be eligible to be notified as an infrastructure facility under section 32(e):—
| (a) | it is owned by a company registered in India or by a consortium of such companies or by an authority or a board or a corporation or any other body established or constituted under any Central Act or State Act; | |
| (b) | it has entered into an agreement with the Central Government or a State Government or a local authority or any other statutory body for — |
| (i) | developing; or | |
| (ii) | operating and maintaining; or | |
| (iii) | developing, operating and maintaining a new infrastructure facility similar in nature to an infrastructure facility referred to in the Explanation to section 80-IA(4)(i) of the Income-tax Act, 1961 (43 of 1961), as it existed prior to its repeal; and |
| (c) | it has started or starts operating and maintaining such infrastructure facility on or after the 1st April, 1995. |
Read more
for more refer income tax website click here
for more refer YouTube Subscribe website click here
Your Queries Solved
rule 24 of income tax rules 2026,
rule 24 income tax rules 2026,
rule 24 of income tax rules 2026 pdf,