Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Contact Info
Unit 266, 267 & 268, Tower B1, Spaze Itech Park Sohna Road Gurugram, Haryana 122018 connect@complinity.com +91 8181 900 600
Follow Us

A Multi-Concept Theme for Digital Agencies and Startups

8181 900 600 Request a Demo Login
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
Mobile Logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Taxation Central Ministry of Finance Income Tax Act, 1961

Income-tax (Twenty-Ninth Amendment) Rules, 2023

19-Dec-2023 | G.S.R. 900(E)

Ministry of Finance has issued Income-tax (Twenty-Ninth Amendment) Rules, 2023, effective from 1st April 2024. The key highlights are: 1. Substitution in 10TA(f): The definition of "intra-group loan" is substituted. It now means a loan advanced to an associated enterprise being a non-resident, where the loan: Is not advanced by an enterprise, being a financial company including a bank or a financial institution or an enterprise engaged in lending or borrowing in the normal course of business. Does not include a credit line or any other loan facility that has no fixed term for repayment. 2. Insertion of Explanation in rule 10TD(2A): a. A new explanation is inserted in rule 10TD(2A). For this sub-rule: "Reference rate" means specific rates for different currencies, including 6-month Term Secured Overnight Financing rate (SOFR) for US dollar, 6-month Euro Inter Bank Offered Rate (EURIBOR) for Euro, 6-month Term Sterling Overnight Index Average (SONIA) for UK Pound Sterling, 6-month Tokyo Term Risk-Free Rate (TORF) for Japanese Yen, 6-month Bank Bill Swap Rates (BBSW) for Australian dollar, and 6-month Compounded Singapore Overnight Rate Average (SORA) for Singapore dollar, each increased by specific basis points. b. "Credit rating" means the credit rating assigned to the associated enterprise by a Securities and Exchange Board of India registered and Reserve Bank of India accredited credit rating agency applicable for the relevant previous year. For detailed information, please refer to the attached document.

Upgrade to paid version to access the Notification, Circular & Rules along with the checklist

Get Legal Updates in your email

Request a Demo

Recent Posts in Corporate Laws

Corporate Laws

CDSL issues communique regarding United Nations Security Council (UNSC) Committee with respect to removal of three entries

29-Oct-2026 | CDSL/PMLA/DP/POLCY/2026/761

CDSL has issued communique regarding United Nations Security Council (UNSC) Committee with respect to removal of three entries Through this

Read More
Corporate Laws

BSE issues circular regarding Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Removal of 03 Entries and Amendment of 03 Entries

30-Oct-2026 | 20261030-2

BSE has issued circular regarding Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida

Read More
Corporate Laws

SEBI issues press release regarding Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Removal of 03 Entries and Amendment of 03 Entries

28-Oct-2026 | Press Release

SEBI has issued press release regarding Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-

Read More
Corporate Laws

BSE issues circular regarding Release of “National Strategy for Financial Inclusion (NSFI) 2025–30” by RBI

28-Oct-2026 | 20261028-20

BSE has issued circular regarding Release of “National Strategy for Financial Inclusion (NSFI) 2025–30” by RBI Through t

Read More

Recent Posts

Legal

Rajasthan Amends Legal Metrology Rules to Mandate High-Accuracy Weighing Instruments for Gold, Silver and Precious Metals

29-Oct-2026 | G.S.R.77

The Government of Rajasthan has amended the Rajasthan Legal Metrology (Enforcement) Rules, 2011, by inserting Rule 9(3A). The amendment mand

Read More
Legal

Punjab Government Extends Exemption for Existing Industries in Non-Conforming Zones of Notified Master Plans

28-Oct-2026 | SEE(HQ-2)/F.No. 203/2026 24056-74

The Punjab Government has exempted existing industries operating in non-conforming zones of 24 notified Master Plans across the state from t

Read More
Labour Laws

Tripura Government Fixes Minimum Daily Base Wage Rate at ₹450

29-Oct-2026 | F.22(80)-LAB/ENF/CoW/2025/Part-I/6608-10

The Government of Tripura, Labour Department, has fixed the minimum daily base wage rate at ₹450, effective from 1 April 2027. The rat

Read More
Corporate Laws

CDSL issues communique regarding United Nations Security Council (UNSC) Committee with respect to removal of three entries

29-Oct-2026 | CDSL/PMLA/DP/POLCY/2026/761

CDSL has issued communique regarding United Nations Security Council (UNSC) Committee with respect to removal of three entries Through this

Read More
Request a Demo

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Complinity Logo Transparent

Complinity is a comprehensive cloud-based Compliance Management Software that helps track and monitor statutory and regulatory compliances.

Quick Links
  • Compliance Software
  • Regulatory Compliance Software
  • Statutory Compliance Software
  • Compliance Tracking Software
  • Legal Updates
Contact Info
Unit 266, 267 & 268, Tower B1
Spaze Itech Park, Sohna Road
Gurugram, Haryana 122018
connect@complinity.com
+91 8181 900 600

Request a Demo

© 2026 Complinity Technologies Private Limited. | Privacy Policy | Data Processing Addendum

Design & Developed By  Infinite IT Solutions

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Powered by EssentialPlugin

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Thank You for your interest in Complinity. Your CV has been forwarded to HR.
In case your profile is shortlisted, HR shall contact you.