Specified mutual fund schemes under Section 194K: government lists SBI and GIC plans affecting unitholder payment treatment. The Central Government, under clause (iii) of sub section (2) of section 194K of the Income tax Act, specifies particular SBI and GIC mutual fund schemes as schemes to be regarded for purposes of the plan of payment of income to unitholders, listing SBI schemes described by minimum return assured and post dated cheques and GIC schemes with stated subscription periods and redemption dates.
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.
Specified mutual fund schemes under Section 194K: government lists SBI and GIC plans affecting unitholder payment treatment.
The Central Government, under clause (iii) of sub section (2) of section 194K of the Income tax Act, specifies particular SBI and GIC mutual fund schemes as schemes to be regarded for purposes of the plan of payment of income to unitholders, listing SBI schemes described by minimum return assured and post dated cheques and GIC schemes with stated subscription periods and redemption dates.
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