Notification No. 820E — Schemes of the SBI Mutual Fund and GIC Mutual Fund given in the Table below as the schemes

What this is

Notification No. 820E was published on 28 September 1995. Its subject is Schemes of the SBI Mutual Fund and GIC Mutual Fund given in the Table below as the schemes having regard to the plan of payment of specified under section 194K.

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.194K	s.393, 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 exercise of the powers conferred by clause (iii) of sub-section (2) of section 194K of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the schemes of the SBI Mutual Fund and GIC Mutual Fund given in the Table below as the schemes having regard to the plan of payment of income to the unitholders for the purpose of the said clause, namely :--

TABLE

SBI MUTUAL FUND

(1) Magnum Monthly Income - Minimum return assured and post-dated Scheme, 1989 cheques issued.

(2) Magnum Regular Income - Minimum return assured. Scheme, 1990

(3) Magnum Monthly Income - Minimum return assured and post-dated Scheme, 1991 cheques issued.

(4) Magnum Bond Fund, 1994 - Minimum return assured and post-dated cheques issued.

GIC MUTUAL FUND

---- Sl Description of the period of Date of redemption No. scheme subscription of scheme --- 1. GIC Safe, 1991 6th February, 1991, to 31-3-1996 30th March, 1991

2. GIC Rise, 1991 6th February, 1991, to 30-3-2001 30th March, 1991

3. GIC Rise II 10th October, 1991, to 31-3-1999 14th December, 1991

4. GIC Big Value 11th May, 1992, to 30-6-1997 24th June, 1994

[No. 9882/F. No. 142/41/95-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. 124 — Amendment of the Income-tax Rules under section 194K of the Income-tax Act, 1961 30 March 2005
Circular No. 6/2002 — 1058. Finance Act, 2002 - Threshold limits for deduction of tax at source from income by way of dividends and income fro 2 August 2002
Notification No. 237E — Following scheme of the Canbank Mutual Fund as the scheme having regard to the plan of payment of income to the unithold 21 March 1996
Notification No. 736E — Following Schemes of the Unit Trust of India as the Schemes having regard to the plan of payment of income to the unitho 23 August 1995

← Notification No. 822E · Notification No. 813E →

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.