No tax deduction on payments to a Central Government financed credit guarantee fund after official notification. The Central Government, exercising powers under the Income tax Act, notifies that no deduction of income tax under the Chapter governing tax deduction at source shall be made on payments received by a credit guarantee fund that is established and wholly financed by the Central Government and managed by the National Credit Guarantee Trustee Company Limited; the notification is effective from its publication in the Official Gazette.
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.
No tax deduction on payments to a Central Government financed credit guarantee fund after official notification.
The Central Government, exercising powers under the Income tax Act, notifies that no deduction of income tax under the Chapter governing tax deduction at source shall be made on payments received by a credit guarantee fund that is established and wholly financed by the Central Government and managed by the National Credit Guarantee Trustee Company Limited; the notification is effective from its publication in the Official Gazette.
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