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        Case ID :
        Income Tax

        Central Government, exercising powers under clause (e) of...

        Centre authorises more private banks' non-rural branches for Capital Gains Account Scheme deposits under clause (e) paragraph 2

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Central Government, exercising powers under clause (e) of paragraph 2 of the Capital Gains Account Scheme, 1988, authorises all non-rural branches of specified private sector banks to receive deposits and maintain accounts under the Scheme. The notification extends earlier authorisations issued in 1988 and 2012, and now includes non-rural branches of HDFC Bank, ICICI Bank, Axis Bank, City Union Bank, DCB Bank, Federal Bank, IDFC FIRST Bank, IndusInd Bank, Jammu and Kashmir Bank, Karnataka Bank, Karur Vysya Bank, Kotak Mahindra Bank, RBL Bank, South Indian Bank, Yes Bank, Dhanlaxmi Bank, Bandhan Bank, CSB Bank, and Tamilnad Mercantile Bank. A rural branch is defined by population below 10,000 as per the 2011 census.
                                Note: It is a system-generated summary and is for quick reference only.
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