This notification, S.O. 283(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, New Delhi on January 18, 2018, pertains to an exemption under clause 46 of section 10 of the Income-tax Act, 1961. It notifies the Central Registry for Securitization Asset Reconstruction and Security Interest of India (CERSAI) as eligible for this exemption. The specified incomes eligible for the exemption are: 1) fee income from Security Interest transactions; 2) fee income from transactions on Central KYC (CKYC) Records Registry; 3) interest income on fixed deposits and on saving bank accounts; and 4) RTI application fees.
The notification is subject to the conditions that CERSAI: a) shall not engage in any commercial activity; b) its activities and the nature of the specified income shall remain unchanged throughout the financial years; and c) shall file a return of income in accordance with the provision of clause (g) of sub-section (4C) of section 139 of the Income-tax Act, 1961. This notification is deemed to have been applied for the financial years 2013-2014, 2014-2015, 2015-2016, 2016-2017 and shall apply with respect to the financial year 2017-2018. The notification number is 3/2018, F. No. 196/29/2013-ITA-I and was issued by Vinay Sheel Gautam, Under Secretary.
Key Entities Referenced
Income tax Act, 1961: A law that provides for levy, administration, collection and recovery of income tax in India.
Central Registry for Securitization Asset Reconstruction and Security Interest of India: A body set up under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act.
SARFAESI Act, 2002: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
Central KYC CKYC Records Registry: Central Know Your Customer Records Registry
Ministry of Finance: The ministry responsible for the financial matters of the government of India.
Central Board of Direct Taxes: A government body responsible for direct tax administration in India.
Vinay Sheel Gautam: Under Secretary in the Department of Revenue, Ministry of Finance.
New Delhi, Delhi: The location of the notification and the location of the Government of India Press.
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EXTRAORDINARY
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PART II—Section 3—Sub-section (ii)
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No. 245] NEW DELHI, THURSDAY, JANUARY 18, 2018/PAUSHA 28, 1939
ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ााााललललयययय
((((ररररााााजजजज(cid:4)(cid:4)(cid:4)(cid:4)वव वव ििििववववभभभभाााागगगग))))
((((कककक(cid:9)(cid:9)(cid:9)(cid:9)(cid:10)(cid:10)(cid:10)(cid:10)ीीीीयययय (cid:13)(cid:13)(cid:13)(cid:13)(cid:14)(cid:14)(cid:14)(cid:14)यययय(cid:15)(cid:15)(cid:15)(cid:15) ककककरररर बबबबोोोोडडडड))(cid:19)(cid:19)))(cid:19)(cid:19)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:4)द(cid:6)ली, 18 जनवरी, 2018
ककककाााा....आआआआ.... 222288883333((((अअअअ))))....————क(cid:11)(cid:12) सरकार, आयकर अिधिनयम, 1961 (1961 का 43) क(cid:29) धारा 10 के खंड (46) #ारा $द%
शि’य( का $योग करते ,ए, उ’ खंड के $योजन( के िलए से0यरु ेटाइजेशन एंड 4रकं50शन ऑफ फाइनश(cid:11) ल एसटे स एडं
इंफोसम8 (cid:11)ट आफ िस0य4ु रटी इं59ट (एसएआरएफएईएसआई) अिधिनयम, 2002 के तहत ग4ठत िनकाय, स(cid:11)5ल रिज95ी फॉर
स0े युरेटाइजेशन एसेटस 4रकं50शन एंड िस0य4ु रटी इं59ट आफ इंिडया को, उसे होने वाली िन>िलिखत िविन?द@8 आय के
संबंध म (cid:11)एतद#् ारा अिधसिू चत करती ह ैयथा:-
1. $ितभिू त Hयाज लेनदने से होन ेवाली शु(cid:6)क आय;
2. क(cid:11)(cid:12)ीय केवाईसी (सीकेवाईसी) 4रकाMसZ~ रिज95ी पर लने दने स ेहोन ेवाली शु(cid:6)क आय;
3. साविध जमा और बचत बकK खात ेपर Hयाज स ेहोने वाली आय; और
4. आरटीआई आवेदन शु(cid:6)क ।
2. यह अिधसूचना इस शत 8 पर लागू होगी (cid:4)क स(cid:11)5ल रिज95ी फॉर से0यरु ेटाइजशे न एसेटस 4रकं50शन एंड िस0य4ु रटी
इं59ट आफ इंिडया—
(क) (cid:4)कसी अLय वािणिNयक गितिविध म(cid:11) शािमल नहO होगा;
(ख) िव%ीय वष 8म(cid:11) िविन?द@8 आय क(cid:29) $कृित व गितिविध अप4रवत8नीय रहगे ी; और
368 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
(ग) यह आयकर अिधिनयम, 1961 क(cid:29) धारा 139 क(cid:29) उपधारा (4ग) के खंड (च) के $ावधान( के अनसु ार
आयकर िववरणी दािखल करेगा।
3. यह अिधसूचना िव%ीय वष8 2013-14, 2014-15, 2015-16, 2016-17 स े लागू ,ई समझी जाएगी एव ंयह िव%
वष8 2017-18 के संबंध म (cid:11)लाग ूहोगी।
[अिधसचू ना सं. 3/2018/फा. सं.196/29/2013-आईटीए-I]
िवनय शील गौतम, अवर सिचव
(cid:12)(cid:12)(cid:12)(cid:12)ाााा(cid:13)(cid:13)(cid:13)(cid:13)ययययाााा(cid:3)(cid:3)(cid:3)(cid:3)ममममकककक (cid:15)(cid:15)(cid:15)(cid:15)ाााापपपपनननन :::: यह $मािणत (cid:4)कया जाता ह ै (cid:4)क इस अिधसूचना को भूतलVी $भाव स े लागू करन े स े (cid:4)कसी Wि’ पर
$ितकूल $भाव नहO पड़गे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 18th January, 2018
S.O. 283(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-
tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said
clause, the Central Registry for Securitization Asset Reconstruction and Security Interest of India, a
body set up under the Securitisation and Reconstruction of Financial Assets and Enforcement of
Security Interest (SARFAESI) Act, 2002, in respect of the following specified income arising to that
body, namely:—
1. fee income from Security Interest transactions;
2. fee income from transactions on Central KYC (CKYC) Records Registry;
3. interest income on fixed deposits and on saving bank account; and
4. RTI application fee.
2. This notification shall be effective subject to the conditions that Central Registry for
Securitization Asset Reconstruction and Security Interest of India,—
(a) shall not engage in any commercial activity;
(b) activities and the nature of the specified income shall remain unchanged throughout
the financial years; and
(c) shall file return of income in accordance with the provision of clause (g) of sub-
section (4C) of section 139 of the Income-tax Act, 1961.
3. This notification shall be deemed to have been applied for the financial Years 2013-2014,
2014-2015, 2015-2016, 2016-2017 and shall apply with respect to the financial year 2017-2018.
[Notification No. 3/2018/F. No. 196/29/2013-ITA-I]
VINAY SHEEL GAUTAM, Under Secy.
Explanatory Memorandum : It is certified that no person is being adversely affected by giving retrospective
effect to this notification.
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.