Home India Ministry of Finance In exercise of the powers conferred by Explanation 5 to clau...
Date: 2017-07-26 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by Explanation 5 to clause 19AA of section 2 of the Income tax Act, 1961

Issued by Ministry of Finance · Department of Revenue

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

This notification, S.O. 2338(E), issued by the Ministry of Finance (Department of Revenue) and the Central Board of Direct Taxes on July 26, 2017, amends a previous notification, S.O. 3204(E) dated October 14, 2016, concerning Income Tax regulations. The amendment, made in exercise of powers conferred by Explanation 5 to clause 19AA of section 2 of the Income-tax Act, 1961, involves two key substitutions within the original notification. First, in clause (i), "to transfer" is replaced with "by way of transfer of." Second, in clause (ii), "public sector company" is replaced with "public sector company on the appointed date indicated in the scheme approved by the Appellate Tribunal constituted under section 410 of the Companies Act, 2013." The notification number is 73/2017, and the file number is F. No. 149/25/1/2015-TPL. The Director of Tax Policy Legislation, Pravin Rawal, is listed as the contact person.

Key Entities Referenced

S.O. 3204E: The notification number being amended by this current notification. Pravin Rawal: Director, Tax Policy and Legislation, who signed the notification. Income-tax Act, 1961: A tax law in India, referenced in the notification regarding amendments. Central Board of Direct Taxes: A department under the Ministry of Finance responsible for direct tax administration in India. Ministry of Finance: A ministry of the Government of India, responsible for the country's finances. New Delhi: The location where the notification was issued, New Delhi, Delhi, India. Companies Act, 2013: An act of the Parliament of India that regulates incorporation, operation and winding up of a company. Appellate Tribunal: An entity constituted under section 410 of the Companies Act, 2013, for approving schemes related to public sector companies.
Official Source Record View Original Source →
See Full Document Text
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- 2072] ubZ fnYyh] cq/okj] tqykbZ 26] 2017@Jko.k 4] 1939 No. 2072] NEW DELHI, WEDNESDAY, JULY 26, 2017/SRAVANA 4, 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, 26 जुलाई, 2017 ((((आआआआयययय----ककककरररर)))) ककककाााा....आआआआ.... 2222333333338888((((अअअअ)))).—क(cid:7286)(cid:7076)ीय सरकार, आय-कर अिधिनयम, 1961 (1961 का 43) क(cid:7409) धारा 2 के खंड (19कक) के (cid:7021) प(cid:7020) टीकरण 5 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए, भारत के राजप(cid:7074), असाधारण, भाग II, खंड 3, उपखंड (ii) तारीख 14 अ(cid:6989) तूबर, 2016 म(cid:7286) (cid:7079)कािशत भारत सरकार, िव(cid:7004) त मं(cid:7074)ालय क(cid:7409) अिधसूचना स.ं का.आ. 3204(अ) तारीख 14 अ(cid:6989) तबू र, 2016 को संशोधन करती ह,ै अथा(cid:6981)त् :-- 2222.... उ(cid:6989) त अिधसूचना म,(cid:7286) -- (क) खंड (i) म(cid:7286), ''अंतरण करने'' श(cid:7011) द(cid:7298) के (cid:7021) थान पर, “ अंतरण (cid:7367)ारा’’ को (cid:7079)ित(cid:7021) थािपत (cid:7408)कया जाएगा। (ख) खंड (ii) म(cid:7286) ‘’साव(cid:6981)जिनक (cid:6979)े(cid:7074) क(cid:7409) कंपनी’’ के िलए ‘’इस संबंध म(cid:7286) कंपनी अिधिनयम, 2013 (2013 का 18) क(cid:7409) धारा 410 के अधीन ग(cid:7407)ठत अपीलीय अिधकरण (cid:7367)ारा अनुमो(cid:7408)दत योजना म(cid:7286) िन(cid:7416)द(cid:7397) िनयत तारीख को आंकड़,े को(cid:7399)क’’ साव(cid:6981)जिनक (cid:6979)े(cid:7074) क(cid:7409) कंपनी’’ (cid:7079)ित(cid:7021)थािपत (cid:7408)कया जाएगा। [अिधसूचना स.ं 73/2017, फ़ा. स.ं 149/251/2015-टीपीएल] (cid:7079)वीण रावल, िनदशे क (कर नीित और िवधान) (cid:7407)(cid:7407)(cid:7407)(cid:7407)टटटट(cid:7009)(cid:7009)(cid:7009)(cid:7009) पप पपणणणण :::: मूल अिधसूचना भारत के राजप(cid:7074), असाधारण, भाग II, खंड 3, उपखंड (ii) म(cid:7286) का.आ. 3204(अ) तारीख 14 अ(cid:6989) तूबर, 2016 (cid:7367)ारा (cid:7079)कािशत क(cid:7409) गई थी। 4529 GI/2017 (1)(cid:32)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 26th July, 2017 (INCOME-TAX) S.O. 2338(E).—In exercise of the powers conferred by Explanation 5 to clause (19AA) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby amends the notification of the Government of India, Ministry of Finance number S.O. 3204(E) published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), dated the 14th October, 2016, namely:(cid:45) 2. In the said notification,(cid:45) (a)(cid:32) in clause (i), for the words “to transfer”, the words “by way of transfer of” shall be substituted; (b)(cid:32) in clause (ii) for the words “public sector company”, the words, figures, bracket “public sector company on the appointed date indicated in the scheme approved by the Appellate Tribunal constituted under section 410 of the Companies Act, 2013 (18 of 2013) in this behalf” shall be substituted. [Notification No.73/2017,F. No.149/251/2015-TPL] PRAVIN RAWAL, Director (Tax Policy & Legislation) Note : Previous notification was published in the gazette of India, Extraordinary, Part II, Section 3, sub-section (ii) dated the 14th October, 2016 vide S.O. 3204(E) dated the 14th October, 2016. (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) (cid:32) 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.

Continue your research