This notification, S.O. 1818(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on June 8, 2017, effective June 15, 2017, designates bonds issued by the Power Finance Corporation Limited as long-term specified assets under Section 54EC of the Income-tax Act, 1961. Specifically, any bond redeemable after three years and issued on or after June 15, 2017, by the Power Finance Corporation Limited qualifies. The notification number is 47/2017, and the file number is F. No. 370142/18/2017-TPL. The issuing authority is Abhishek Gautam, Under Secretary, Tax Policy and Legislation.
Key Entities Referenced
Ministry of Finance: The Indian government ministry responsible for financial matters.
Department of Revenue: A department within the Ministry of Finance.
Central Board of Direct Taxes: A statutory authority functioning under the Department of Revenue, Ministry of Finance, Government of India.
New Delhi: The location where the notification was issued. New Delhi, Delhi.
Income-tax Act, 1961: Indian legislation pertaining to income tax. (Act 43 of 1961)
Section 54EC: A section of the Income-tax Act, 1961 related to exemptions on capital gains if invested in certain specified assets.
Power Finance Corporation Limited: A company formed and registered under the Companies Act, 1956 and issuing bonds as specified asset for Section 54EC of the Income-tax Act, 1961.
Companies Act, 1956: Indian legislation governing companies. (Act 1 of 1956)
jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99
vlk/kj.k
EXTRAORDINARY
Hkkx II—[k.M 3—mi&[k.M (ii)
PART II—Section 3—Sub-section (ii)
izkf/dkj ls izdkf'kr
PUBLISHED BY AUTHORITY
la- 1611] ubZ fnYyh] c`gLifrokj] twu 8] 2017@T;s"B 18] 1939
No. 1611] NEW DELHI, THURSDAY JUNE 8, 2017/JYAISTHA 18, 1939
ििििवववव(cid:7275)(cid:7275)(cid:7275)(cid:7275) ममममं(cid:7074)ं(cid:7074)ं(cid:7074)ं(cid:7074)ााााललललयययय
((((ररररााााजजजज(cid:7021)(cid:7021)(cid:7021)(cid:7021)वववव ििििववववभभभभाााागगगग))))
((((ककककेेेे(cid:7008)(cid:7008)(cid:7008)(cid:7008)(cid:7076)(cid:7076)(cid:7076)(cid:7076)ीीीीयययय (cid:7079)(cid:7079)(cid:7079)(cid:7079)(cid:7004)(cid:7004)(cid:7004)(cid:7004)यययय(cid:6979)(cid:6979)(cid:6979)(cid:6979) ककककरररर बबबबोोोोडडडड(cid:6981)(cid:6981)))(cid:6981)))(cid:6981)
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:7408)द(cid:7016)ली, 8 जून, 2017
आआआआयययय----ककककरररर
ककककाााा....आआआआ.... 1111888811118888((((अअअअ))))....—के(cid:7008)(cid:7076)ीय सरकार, आय-कर अिधिनयम, 1961 (1961 का 43) क(cid:7409) धारा 54ङग के
(cid:7021)प(cid:7397)ीकरण के खंड (खग) (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए यह अिधसूिचत करती ह ै (cid:7408)क पावर फाइनस(cid:7286)
कॉरपोरेशन िलिमटेड, जो कंपनी अिधिनयम, 1956 (1956 का 1) के अधीन बनाई गई तथा रिज(cid:7021)(cid:7069)ीकृत कंपनी ह,ै
(cid:7367)ारा तीन वष(cid:6981) के प(cid:7391)ात् पुनःमोचनीय तथा 15 जनू , 2017 को या उसके प(cid:7391)ात् जारी कोई बंधप(cid:7074) उ(cid:7334) धारा के
(cid:7079)योजन(cid:7298) के िलए “दीघ(cid:6981)कािलक िविन(cid:7416)द(cid:7397) आि(cid:7021)त” के (cid:7272)प म(cid:7286) होगी।
[अिधसूचना सं(cid:6990)या 47/2017/फा. सं. 370142/18/2017-टी.पी.एल]
अिभषेक गौतम, अवर सिचव (कर नीित और िवधान)
3607 GI/2017 (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 8th June, 2017
INCOME-TAX
S.O. 1818(E).—In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the
Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any bond redeemable after three years
and issued on or after the 15th day of June, 2017 by the Power Finance Corporation Limited, a company formed and
registered under the Companies Act, 1956 (1 of 1956) as ‘long-term specified asset’ for the purposes of the said section.
[Notification No. 47/2017/ F. No. 370142/18/2017-TPL]
ABHISHEK GAUTAM, Under Secy. (Tax Policy and Legislation)
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.