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Case law › Notifications › 1989 › Notification No. 607E
Notification 9 June 1989

Notification No. 607E

Securities specified under section 10

What this is

Notification No. 607E was published on 9 June 1989. Its subject is Securities specified under section 10.

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 ActNow
s.10s.11, s.19

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 exercise of the powers conferred by sub-clause (i) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the securities, bonds, annuity certificates, savings certificates, other certificates issued by the Central Government and deposits mentioned in column (2) of the Table below and the maximum limit of the amount of the interest, premium on redemption and other payment mentioned in the corresponding entry in column (3) of the said Table for the purposes of the aforesaid provisions of the Income-tax Act, 1961, for the assessment year 1989-90 and subsequent assessment years.

TABLE ------- Sl. Name of Securities, bonds, annuity Maximum amount No. certificates, etc. ------- 1 2 3 -------

1. 12 years National Savings Annuity Certi- ficates Whole of the amount

2. National Defence Gold Bonds, 1980 Whole of the amount

3. Special Bearer Bonds, 1991 Whole of the amount

4. Treasury Savings Deposit Certificates (10 years) Whole of the amount

5. Post Office Cash Certificates (5 years) Whole of the amount

6. National Plan Certificates (10 years) Whole of the amount

7. National Plan Savings Certificates (12 years) Whole of the amount

8. Post Office National Savings Certificates (12 years/7 years) Whole of the amount

9. Post Office Savings Bank Accounts Whole of the amount

10. Public Account of the nature referred to in item (6) in the Table below rule 4 of the Post Office Savings Account Rules, 1981 Rs. 5,000

11. Post Office Cumulative Time Deposits Rules, 1981 Whole of the amount

12. Scheme of Fixed Deposits governed by the Government Savings Certificates (Fixed Deposits) Rules, 1968 Whole of the amount

13. Scheme of Fixed Deposits governed by the Post Office (Fixed Deposits) Rules, 1968 Whole of the amount

14. Special Deposit Scheme, 1981 Whole of the amount -------

(Sd.) Arbind Modi, Under Secretary to the Government of India.

[No. 8387/F. No. 142/18/88-TPL

What it names

Rules it names. Rule 4 of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

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. 2421  ·  Notification No. 606E →

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.