Notification No. 4247

Investment Deposit Account Scheme notified under section 194

What this is

Notification No. 4247 was published on 11 December 1986. Its subject is Investment Deposit Account Scheme notified under section 194.

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.194	s.2, s.393, s.397, s.400, s.402

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 clause (vi) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Investment Deposit Account Scheme, 1986, framed by it, for the purposes of the said clause.

[No. 7030---F. No. 275/17/86-IT(B)

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. 52/2023 [F.No. 275/17/2023-IT(B)] / SO 3254(E) — Ministry of Finance 20 July 2023
Circular No. 10/2022 — Circular regarding use of functionality under section 206AB and 206CCA of the income tax act 1961 17 May 2022
Circular No. 20/2021 — Guidelines under sub section 4 of section 194 o sub section 3 of section 194Q and sub section 1 i of section 206C of the 25 November 2021
Notification No. 106/2021 [F. No. 370149/158/2021-TPL] / SO 3679(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 10 September 2021
Circular No. 21/2017 — Non applicability of the provisions of section 194 1 of the i.t. act 1961 on remittance of passenger service fees psf by 12 June 2017
Notification No. 48/2017/F. No. 370 142/16/2017-TPL / GSR 561(E) — Ministry of Finance 8 June 2017

← Notification No. 236 · Notification No. 368 →

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.