Notification No. 79/2023 [F. No.370142/31/2023-TPL] / SO 4192(E) — Ministry of Finance

What this is

Notification No. 79/2023 [F. No.370142/31/2023-TPL] / SO 4192(E) was published on 22 September 2023. Its subject is Ministry of Finance.

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.43D	s.2, s.56, s.66

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 22nd September, 2023
INCOME-TAX
S.O. 4192(E).—In exercise of the powers conferred by section 43D of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the following classes of non-banking financial companies (NBFCs), for the purpose of the said section, namely:–
(a) all NBFCs classified in the Top Layer;
(b) all NBFCs classified in the Upper Layer;
(c) all NBFCs classified in the Middle Layer.
Explanation.–The classification of NBFCs in the Top Layer, Upper Layer and Middle Layer shall be according to the Reserve Bank of India's guidelines contained in Circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021.
2. This notification shall come into force from the date of its publication in the Official Gazette.
[Notification No. 79/2023/ F. No.370142/31/2023-TPL]
JIVITESH ANAND, Under Secy.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
AMIT KUMAR JAISWAL
Digitally signed by AMIT KUMAR JAISWAL
Date: 2023.09.22 19:51:40 +05'30'

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. 11101 — A notification under section 43D of the Income-tax Act, 1961 6 October 1999

← Notification No. 81 /2023 [F. No. 370142/9/2023-TPL Part (1)] / GSR 685(E) · Notification No. 80/2023 [F. No.370142/31/2023-TPL / SO 4193(E) →

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.