Central Government specifies the National Savings Scheme, contained in the National Savings Scheme Rules, 1992, as a deposit scheme u/s 88(2)(ix) - G.S.R.819(E) - Income Tax Act, 1961
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Deposit scheme designation confirms National Savings Scheme's tax classification and fixes its effective application date. The Central Government designates the National Savings Scheme under the National Savings Scheme Rules, 1992 as a deposit scheme for the purposes of subsection (2)(ix) of section 88 of the Income-tax Act by formal notification, and specifies an effective date from which this regulatory classification applies.
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.
Deposit scheme designation confirms National Savings Scheme's tax classification and fixes its effective application date.
The Central Government designates the National Savings Scheme under the National Savings Scheme Rules, 1992 as a deposit scheme for the purposes of subsection (2)(ix) of section 88 of the Income-tax Act by formal notification, and specifies an effective date from which this regulatory classification applies.
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