Income-tax exemption extended to public sector companies and to interest on securities held by Registrar in RBI SGL account. The amendment inserts 'or a public sector company' after 'State Government' in clause (15)(iv)(i), effective 1 April 1991, and adds sub-clause (v) deemed effective 1 April 1989 exempting interest on securities held by the Registrar, Supreme Court, in the Reserve Bank's SGL Account No. SL/DH 048.
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Income-tax exemption extended to public sector companies and to interest on securities held by Registrar in RBI SGL account.
The amendment inserts "or a public sector company" after "State Government" in clause (15)(iv)(i), effective 1 April 1991, and adds sub-clause (v) deemed effective 1 April 1989 exempting interest on securities held by the Registrar, Supreme Court, in the Reserve Bank's SGL Account No. SL/DH 048.
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