Withholding on zero coupon bonds expanded to apply to payments by infrastructure capital companies, funds, and public sector companies. A new clause expands the withholding provision to cover income paid by infrastructure capital companies, infrastructure capital funds or public sector companies in respect of a zero coupon bond issued on or after 1 June 2005. The substituted explanations define time deposits as deposits repayable on expiry of fixed periods (excluding recurring deposits) and adopt the statutory meanings of 'infrastructure capital company' and 'infrastructure capital fund' from the Explanation to clause (23G) of section 10.