The CBDT vide Notification No. 104/2023 dated December 19, 2023, has issued the Income-tax (Twenty-Ninth Amendment) Rules, 2023, amending Rules 10TA and 10TD of the Income Tax Rules, 1962 (“the IT Rules”). The amendments aim to redefine intra-group loans and specify conditions under which they fall within the Safe Harbour provisions. These changes are set to come into effect from April 1, 2024.
The Notification can be accessed: https://a2z-bucket.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/CBDT-Notification-No.-104-2023.pdf