The Central Board of Direct Taxes vide notification dated 6th July, 2020 has amended the Harmonized Master List of Infrastructure Sub-sectors. The last updated Harmonized Master List of Infrastructure Sub-sectors was provided in the notification dated 13th August, 2018. This notification provides that infrastructure sub-sectors in the said Harmonized Master List of Infrastructure Sub-sectors shall not include the business already provided in the said item (b).
This notification shall come into force from the 1st day of April, 2021 and shall be applicable for assessment year 2021-22 and subsequent assessment years.
Click here to read the notification.
