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TypeBare Act JurisdictionCentral Government

Finance Act, 1992 Section 75

Insertion of New Section 196c

~1 min read
https://sooperkanoon.com/act/440806

Bare act section · Research

About this section

Finance Act, 1992 Section 75 is part of Finance Act, 1992 - Insertion of New Section 196c. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 196B of the Income-tax Act, the following section shall be inserted, with effect from the 1st day of June, 1992, namely :-

"196C. Income from foreign currency bonds or shares of Indian company. - Where any income by way of interest or dividends is payable in respect of bonds or shares referred to in section 115AC to a non-resident, the person responsible for making the payment shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of ten percent.".

Frequently asked questions

What does Finance Act, 1992 Section 75 provide?

Section Section 75 of the Finance Act, 1992 (Insertion of New Section 196c) is reproduced on this page as part of the Finance Act, 1992. 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, 1992 Section 75?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1992 Section 75. 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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