Notification No. 92E

Rate of interest specified under section 17

What this is

Notification No. 92E was published on 4 February 1985. Its subject is Rate of interest specified under section 17.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.17	s.16, s.17, s.18

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

In pursuance of sub-clause (vi) of clause (2) of section 17 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies that the rate of interest for the purposes of said sub-clause shall be simple interest at the rate ten per cent. per annum.

[No. 6149/File No. 133/162/84/TPL]

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 133/2025 [F. No. 370142/27/2025-TPL] / G.S.R 555(E) — Ministry of Finance 18 August 2025
Circular No. 3/2025 — Income tax deduction from salaries during the financial year 2024 25 under section 192 of the income tax act 1961 20 February 2025
Circular No. 24/2022 — Government of INDIA 7 December 2022
Notification No. 90/2022 [F. No. 370142/31/2022-TPL (Part-2)] / SO 3703(E) — Ministry of Finance 5 August 2022
Circular No. 4/2022 — Government of INDiA 15 March 2022
Notification No. 11/2021 [F. No. 370142/52/2020-TPL] / GSR 155(E) — Ministry of Finance 5 March 2021

← Notification No. 1204 · Notification No. 91E →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.