This notification, S.O. 3122(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on September 11, 2020, designates the LT Infra Debt Fund (PAN: AACCL4493R) as an Infrastructure Debt Fund under clause 47 of section 10 of the Income-tax Act, 1961. This designation applies to the assessment year 2018-2019 and subsequent years, subject to the following conditions:
1. The Infrastructure Debt Fund must comply with the provisions of the Income-tax Act, 1961, rule 2F of the Income-tax Rules, 1962, and the conditions set forth by the Reserve Bank of India.
2. The Infrastructure Debt Fund must file its return of income as required by subsection 4C of section 139 of the Income-tax Act, 1961, on or before the due date.
The notification number is 74/2020 (F. No. 178/42/2017-ITA-I) and was issued by Gulzar Ahmad Wani, Under Secretary.
Key Entities Referenced
Ministry of Finance: A department of the Government of India responsible for financial matters.
Department of Revenue: A department under the Ministry of Finance responsible for tax collection and administration.
Central Board of Direct Taxes: A statutory authority functioning under the Department of Revenue, Ministry of Finance, Government of India. It provides inputs for policy and planning related to direct taxes.
New Delhi: The capital of India, where the notification was issued.
Incometax Act, 1961: A law governing income tax in India.
LT Infra Debt Fund: An Infrastructure Debt Fund, specifically mentioned in the notification.
Reserve Bank of India: The central bank of India.
Incometax Rules, 1962: The set of rules to administer the Income-tax Act, 1961
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 2775] नई ददल्ली, िक्रु िार, जसतम्ब र 11, 2020/भार 20, 1942
No. 2775] NEW DELHI, FRIDAY, SEPTEMBER 11, 2020/BHADRA 20, 1942
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई ददल् ली, 11 जसतम्बर, 2020
का.आ. 3122(अ).—आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खण्ड (47) द्वारा प्रदत्त िजियों
का प्रयोग करते हुए केन्द्र सरकार एतद्द्वारा कर जनधारड ण िर्ड 2018-2019 तथा परिती िर्ों के जलए जनम्नजलजखत ितों के
अधीन उि खण्ड के प्रयोिनाथ ड अिसंरचना ऋण जनजध नामत: ‘एल एण्ड टी इंफ्रा डेट फण्ड (पैन-एएसीसीएल4493आर)’
को अजधसूजचत करती ह:ै-
(i) यह दक अिसंरचना ऋण जनजध आयकर जनयमािली, 1962 के जनयम-2च, आयकर अजधजनयम, 1961 के
प्रािधानों तथा इस संबंध में भारतीय ररििड बैंक द्वारा दी गई ितों के अनुसार होगी तथा उनका अनुपालन करेगी,
तथा
(ii) यह दक अिसंरचना ऋण जनजध आयकर अजधजनयम, 1961 की धारा 139 की उपधारा (4ग) द्वारा यथा अपेजक्षत
अपनी आय की जििरणी जनयत जतजथ को अथिा उससे पहले दायर करेगी।
[अजधसूचना स.ं 74/2020/फा. सं. 178/42/2017-आईटीए-I]
गुलज़ार अहमद िानी, अिर सजचि
व्याख्यात्मक ज्ञापन
प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिड प्रभाि से लाग ूकरन े से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडेगा।
4233 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 11th September, 2020
S.O. 3122(E).—In exercise of the powers conferred by clause (47) of section 10 of the Income-tax
Act, 1961 (43 of 1961), the Central Government hereby notifies the Infrastructure Debt Fund namely, the
‘L&T Infra Debt Fund (PAN: AACCL4493R)’ for the purposes of the said clause, for the assessment year
2018-2019 and subsequent years subject to the following conditions, namely:-
(i) that the Infrastructure debt fund shall conform to and comply with the provisions of the Income-tax
Act, 1961, rule 2F of the Income-tax Rules, 1962 and the conditions provided by the Reserve Bank
of India in this regard, and
(ii) that the Infrastructure debt fund shall file its return of income as required by sub-section (4C) of
section 139 of the Income-tax Act, 1961 on or before the due date.
[Notification No. 74/2020/F. No. 178/42/2017-ITA-1]
GULZAR AHMAD WANI, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect to this notification.
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and Published by the Controller of Publications, Delhi-110054.