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Case law › Notifications › 2009 › Notification No. 9
Notification 7 January 2009

Notification No. 9

Section 10(15)( iv) of the Income-tax Act, 1961 - Exemption of - Interest Payable by Public Sector Company on Specified Bonds/debentures

What this is

Notification No. 9 was published on 7 January 2009. Its subject is Section 10(15)( iv) of the Income-tax Act, 1961 - Exemption of - Interest Payable by Public Sector Company on Specified Bonds/debentures.

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.

SECTION 10(15)( iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTION OF - INTEREST PAYABLE BY PUBLIC SECTOR COMPANY ON SPECIFIED BONDS/DEBENTURES

NOTIFICATION NO. 9/2009 [S.O. 99(E)], DATED 7-1-2009

In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the issue of tax free bonds by India Infrastructure Finance Company Limited, carrying an interest rate of upto maximum 8 percent annum, aggregating to an amount of ten thousand crore rupees only, to be issued by India Infrastructure Finance Company Limited, New Delhi during the financial year 2008-09, for the purpose of the said section :
Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his or her name and the holding with the said Corporation.

[F. NO. 178/95/2008 IT (A-1]

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. 10  ·  Notification No. 5 →

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.