Notification No. 174E — Purpose of that clause specified under section 193

What this is

Notification No. 174E was published on 7 March 1997. Its subject is Purpose of that clause specified under section 193.

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.193	s.393

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 (iiia) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies, the purpose of that clause, the difference payable between the redemption value and the bid price of Zero Coupon Bonds of the Government of India issued under the scheme for sale of Zero Coupon Bonds, 2000 (Third Series) (Second Issue) of Government of India by auction, vide Notification No. F. 4(2)/W & M/96 dated the 25th September, 1996, of the Ministry of Finance (Department of Economic Affairs):

Provided that the said bonds are held by--

(i) a banking company;

(ii) a co-operative bank;

(iii) a public financial institution as defined in section 4A of the Companies Act, 1956 (1 of 1956);

(iv) the Discount and Finance House of India Limited;

(v) the Securities Trading Corporation of India Limited.

[Notification No. 10282/F. No. 275/166/96-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. 75/2020 [F. No. 370142/8/2020-TPL] / GSR 574(E) — Ministry of Finance 22 September 2020
Notification No. Notification No. 27/2018 [F. No. 275/27/2017-IT(B)] / SO 2938(E) — The Gazette of INDIA : Extraordinary [Part Ii—sec. 3(ii)] 18 June 2018
Notification No. 28/2018 [F. No. 275/27/2017-IT(B)] / SO 2939(E) — Indian Railway Finance Corporation Limited 54EC Capital Gains Bond" issued by Indian Railway Finance Corporation Limited 18 June 2018
Notification 59/2017 [F. No. 370 142/8/2017-TPL] / GSR 826(E) — Ministry of Finance 4 July 2017
Notification No. 05 — IDBI Flexibonds 2004-2005" issued by Industrial Development Bank of India Limited specified under section 193 17 January 2005
Circular No. 4/2004 — Tax Deduction at Source on income from Deep Discount Bonds 13 May 2004

← Notification No. 180E · Notification No. 120E →

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.