Income Tax Exemption under Section 10(22B) of Income Tax Act, 1961

Eligible Assessee

Any notified news agency

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

The news agency is set up solely for collection and distribution of news and applies its income or accumulation for collection or distribution of news as such.
It does not distribute its income to its members in any manner
The government notification at any one time shall have effect, not exceeding three years, as may be specified
The government may after giving opportunity to agency, rescind such notification if it finds that the agency does not adhere to the specified conditions.

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