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TypeBare Act JurisdictionCentral Government

Finance Act 2005 Section 48

Amendment of Section 194a

~1 min read
https://sooperkanoon.com/act/41982

Bare act section · Research

About this section

Finance Act 2005 Section 48 is part of Finance Act 2005 - Amendment of Section 194a. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In section 194A of the Income-tax Act, in sub-section (3), with effect from 1st day of June, 2005,--

(i) after clause (ix), the following clause shall be inserted, namely:-

"(x) to such income which is paid or payable by an infrastructure capital company or infrastructure capital fund or a public sector company in relation to a zero coupon bond issued on or after the 1st day of June, 2005 by such company or fund or public sector company;";

(ii) for the Explanation, the following Explanations shall be substituted, namely:-

"Explanation 1.--For the purposes of clauses (i), (vii) and (viia), "time deposits" means deposits (excluding recurring deposits) repayable on the expiry of fixed periods.

Explanation 2.--For the purposes of clause (x), "infrastructure capital company" and "infrastructure capital fund" shall have the meanings respectively assigned to them in clauses (a) and (b) of Explanation 1 to clause (23G) of section 10.".

Frequently asked questions

What does Finance Act 2005 Section 48 provide?

Section Section 48 of the Finance Act 2005 (Amendment of Section 194a) is reproduced on this page as part of the Finance Act 2005. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act 2005 Section 48?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 2005 Section 48. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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