Central Government hereby notify the following for the purposes of the sub-clause (f) of clause (iii) of sub-section (3) of section 194A - S.O. 3489 - Income Tax

Central Government exempts specific government-owned entities from certain tax provisions under Income-tax Act, 1961, Section 194A.

The Central Government has issued a notification under section 194A of the Income-tax Act, 1961, specifying entities exempt from certain tax provisions. These include corporations established by Central, State, or Provincial Acts, companies wholly owned by the Government, the Reserve Bank of India, or a corporation owned by the Reserve Bank, and undertakings or bodies, including societies registered under the Societies Registration Act of 1880, that are entirely government-financed. This notification was issued by the Ministry of Finance, Department of Revenue and Insurance, on October 22, 1970.