AI Drafter 
TaxTMI 
TaxTMI 
TaxTMI 
Incomes not included in total income [Clause (23D) to Clause (50)]
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....c financial institution or authorised by the Reserve Bank of India and subject to such conditions as the Central Government may, by notification in the Official Gazette, specify in this behalf.] Explanation.-For the purposes of this clause,- (a) the expression "public sector bank" means the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955), a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), a corresponding new Bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980) ^69[and a bank included in the category "other public sector banks" by the Reserve Bank of India]; (b) the expression "public financial institution" shall have the meaning assigned to it in section 4A of the Companies Act, 1956 (1 of 1956);] ^5[(c) the expression "Securities and Exchange Board of India" shall have the meaning assigned to it in clause (a) of sub-section (1) of section 2 of the Securities and Exchange Board of India Act,....
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....h amount is so shared and shall accordingly be chargeable to income-tax.] Explanation.-For the purposes of this clause, "commodity exchange" shall mean a "registered association" as defined in clause (jj) of section 2 of the Forward Contracts (Regulation) Act, 1952 (74 of 1952); ] ^76[(23ED) any income, by way of contributions received from a depository, of such Investor Protection Fund set up in accordance with the regulations by a depository as the Central Government may, by notification in the Official Gazette, specify in this behalf: Provided that where any amount standing to the credit of the Fund and not charged to income-tax during any previous year is shared, either wholly or in part with a depository, the whole of the amount so shared shall be deemed to be the income of the previous year in which such amount is so shared and shall, accordingly, be chargeable to income-tax. Explanation.-For the purposes of this clause,- (i) "depository" shall have the same meaning as assigned to it in clause (e) of sub-section (1) of section 2 of the Depositories Act, 1996 (22 of 1996); (ii) "regulations" means the regulations made under the Securities and Exch....
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....tock exchange being a shareholder in such recognised clearing corporation or a contributor to the Core Settlement Guarantee Fund; and (c) any clearing member contributing to the Core Settlement Guarantee Fund;] ^11[(23F) any income by way of dividends or long-term capital gains of a venture capital fund or a venture capital company from investments made by way of equity shares in a venture capital undertaking : Provided that such venture capital fund or venture capital company is approved for the purposes of this clause by the prescribed authority in accordance with the rules made in this behalf and satisfies the prescribed conditions : Provided further that any approval by the prescribed authority shall, at any one time, have effect for such assessment year or years, not exceeding three assessment years, as may be specified in the order of approval : ^12[Provided also that nothing contained in this clause shall apply in respect of any investment made after the 31st day of March, 1999.] ^13[****] ^14[****] Explanation.-For the purposes of this clause,- (a) "venture capital fund" means such fund, operating under a trust deed registered under th....
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....rating under a trust deed registered under the provisions of the Registration Act, 1908 (16 of 1908), established to raise monies by the trustees for investments mainly by way of acquiring equity shares of a venture capital undertaking in accordance with the prescribed guidelines; (b)"venture capital company" means such company as has made investments by way of acquiring equity shares of venture capital undertakings in accordance with the prescribed guidelines; and (c) "venture capital undertaking" means such domestic company whose shares are not listed in a recognised stock exchange in India and which is engaged in the- (i) business of- (A) software; (B) information technology; (C) production of basic drugs in the pharmaceutical sector; (D) bio-technology; (E) agriculture and allied sectors; or (F) such other sectors as may be notified by the Central Government in this behalf; or (ii) production or manufacture of any article or substance for which patent has been granted to the National Research Laboratory or any other scientific research institution approved by the Department of Sc....
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....nds Regulations; or (II) has been granted a certificate of registration as Venture Capital Fund as a sub-category of Category I Alternative Investment Fund under the Alternative Investment Funds Regulations ^149[or as referred to in sub-regulation (2) of regulation 18 of the International Financial Services Centres Authority (Fund Management) Regulations, 2022 made under the International Financial Services Centres Authority Act, 2019 (50 of 2019),] and which fulfils the following conditions, namely:- (i) it has invested not less than two-thirds of its investible funds in unlisted equity shares or equity linked instruments of venture capital undertaking; (ii) it has not invested in any venture capital undertaking in which its trustee or the settler holds, either individually or collectively, equity shares in excess of fifteen per cent of the paid-up equity share capital of such venture capital undertaking; ^150[****] (iii) the units, if any, issued by it are not listed in any recognised stock exchange; ^151[and] ^152[(iv) any other condition as may be prescribed; or] (B) operating as a venture capital scheme made by the Unit Tru....
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....ecurities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992);] (23FD) any distributed income, referred to in section 115UA, received by a unit holder from the business trust, not being that proportion of the income which is of the same nature as the income referred to ^111[in sub-clause (a) of clause (23FC) or sub-clause (b) of said clause (in a case where the special purpose vehicle has exercised the option under section 115BAA)] ^89[or clause (23FCA)];] ^112[(23FE) any income of a specified person in the nature of dividend, ^138[interest, any sum referred to in clause (xii) of sub-section (2) of section 56] or long-term capital gains ^155[(whether or not such capital gains are deemed as short-term capital gains under section 50AA)] arising from an investment made by it in India, whether in the form of debt or share capital or unit, if the investment-- (i) is made on or after the 1st day of April, 2020 but on or before the 31st day of March, ^156[2030]; (ii) is held for at least three years; and (iii) is in- (a) a business trust referred....
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....tions of this clause so that the said income would not have been eligible for such non-inclusion, such income shall be chargeable to income-tax as the income of the specified person of that previous year. ^125[Provided also that in case a Category-I or Category-II Alternative Investment Fund referred to in item (c) of sub-clause (iii) has investment of less than one hundred per cent. in one or more of the companies or enterprises or entities referred to in item (b) or item (d) or item (e) of the said subclause or in an Infrastructure Investment Trust referred to in item (c) of the said sub-clause, income accrued or arisen or received or attributable to such investment, directly or indirectly, which is exempt under this clause shall be calculated proportionately to that investment made in one or more of the companies or enterprises or entities referred to in item (b) or item (d) or item (e) of the said sub-clause or in the Infrastructure Investment Trust referred to in item (c) of the said sub-clause, in such manner as may be prescribed: Provided also that in case a domestic company referred to in item (d) of sub-clause (iii) has investment of less than one hundred per cent. i....
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....iii) and (iv) shall not apply to any payment made to creditors or depositors for loan taken or borrowing for the purposes other than for making investment in India;] (v) it does not ^128[participate in the day to day operations of investee but the monitoring mechanism to protect the investment with the investee including the right to appoint directors or executive director shall not be considered as participation in the day to day operations of the investee]; and (vi) it is specified by the Central Government, by notification in the Official Gazette, for this purpose ^120[and fulfils conditions specified in such notification]; (c) a pension fund, which- (i) is created or established under the law of a foreign country including the laws made by any of its political constituents being a province, state or local body, by whatever name called; (ii) is not liable to tax in such foreign country ^129[or if liable to tax, exemption from taxation for all its income has been provided by such foreign country]; (iii) satisfies such other conditions as may be ^130[prescribed;] ^131[(iiia) it does not participate in the day to day op....
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.... as may be prescribed;] ^133[(23FF) any income of the nature of capital gains, arising or received by a non-resident or a specified fund, which is on account of transfer of share of a company resident in India, by the resultant fund or a specified fund to the extent attributable to units held by non-resident (not being a permanent establishment of a non-resident in India) in such manner as may be prescribed, and such shares were transferred from the original fund, or from its wholly owned special purpose vehicle, to the resultant fund in relocation, and where capital gains on such shares were not chargeable to tax if that relocation had not taken place. Explanation.--For the purposes of this clause,- (a) the expressions "original fund", "relocation" and "resultant fund" shall have the meanings respectively assigned to them in the Explanation to clause (viiac) and clause (viiad) of section 47; (b) the expression "specified fund" shall have the meaning assigned to it in clause (c) of the Explanation to clause (4D) of section 10;] ^24[****] (23G) ^25[****] ^26[(24) any income chargeable under the heads "Income from house property" and "Income from othe....
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.... (26AA) ^39[****] ^140[(26AAA) in case of an individual, being a Sikkimese, any income which accrues or arises to him- (a) from any source in the state of Sikkim; or (b) by way of dividend or interest on securities. Explanation.-For the purposes of this clause "Sikkimese" shall mean- (i) an individual, whose name is recorded in the register maintained under the Sikkim Subjects Regulation, 1961 read with the Sikkim Subject Rules, 1961 (hereinafter referred to as the "Register of Sikkim Subjects"), immediately before the 26th day of April, 1975; or (ii) an individual, whose name is included in the Register of Sikkim Subjects by virtue of the Government of India Order No. 26030/36/90- I.C.I., dated the 7th August, 1990 and Order of even number dated the 8th April, 1991; or (iii) any other individual, whose name does not appear in the Register of Sikkim Subjects, but it is established beyond doubt that the name of such individual's father or husband or paternal grand-father or brother from the same father has been recorded in that register; or (iv) any other individual, whose name does not appear in the Register of Sikkim S....
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.... Security Corps, General Reserve Engineering Force, Lok Sahayak Sena, Jammu and Kashmir Militia and Territorial Army) for a continuous period of not less than six months after attestation and has been released, otherwise than by way of dismissal or discharge on account of misconduct or inefficiency, and in the case of a deceased or incapacitated ex-serviceman includes his wife, children, father, mother, minor brother, widowed daughter and widowed sister, wholly dependant upon such ex-serviceman immediately before his death or incapacitation;] ^45[(27) any income of a co-operative society formed for promoting the interests of the members of either the Scheduled Castes or Scheduled Tribes or both referred to in clause (26B) : Provided that the membership of the co-operative society consists of only other co-operative societies formed for similar purposes and the finances of the society are provided by the Government and such other societies;] (28) ^46[****] (29) ^47[****] ^48[(29A) any income accruing or arising to- (a) the Coffee Board constituted under section 4 of the Coffee Act, 1942 (7 of 1942) in any previous year relevant to any assessment year co....
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.... areas used for cultivation of tea] as the Central Government may, by notification in the Official Gazette, specify: Provided that the assessee furnishes to the ^51[Assessing] Officers, along with his return of income for the assessment year concerned or within such further time as the ^52[Assessing] Officers may allow, a certificate from the Tea Board as to the amount of such subsidy paid to the assessee during the previous year. Explanation. - In this clause, "Tea Board" means the Tea Board established under section 4 of the Tea Act, 1953 (29 of 1953);] ^53[(31) in the case of an assessee who carries on the business of growing and manufacturing rubber, coffee, cardamom or such other commodity in India, as the Central Government may, by notification in the Official Gazette, specify in this behalf, the amount of any subsidy received from or through the concerned Board under any such scheme for replantation or replacement of rubber plants, coffee plants, cardamom plants or plants for the growing of such other commodity or for rejuvenation or consolidation of areas used for cultivation of rubber, coffee, cardamom or such other commodity as the Central Government may, by noti....
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....ck of shares by a company on or after the 1st day of October, 2024.] ^141[(34B) any income of a unit of any International Financial Services Centre, primarily engaged in the business of leasing of an ^157[aircraft or a ship], by way of dividends from a company being a unit of any International Financial Services Centre primarily engaged in the business of leasing of an ^157A[aircraft or a ship]. ^158[Explanation.-For the purposes of this clause,-- (a) "aircraft" means an aircraft or a helicopter, or an engine of an aircraft or a helicopter, or any part thereof; (b) "International Financial Services Centre" shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005); (c) "ship" means a ship or an ocean vessel, engine of a ship or ocean vessel, or any part thereof;]] (35) any income by way of,- (a) income received in respect of the units of a Mutual Fund specified under clause (23D); or (b) income received in respect of units from the Administrator of the specified undertaking; or (c) income received in respect of units from the specified company: Provid....
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.... arising from the transfer of agricultural land, where- (i) such land is situate in any area referred to in item (a) or item (b) of sub-clause (iii) of clause (14) of section 2; (ii) such land, during the period of two years immediately preceding the date of transfer, was being used for agricultural purposes by such Hindu undivided family or individual or a parent of his; (iii) such transfer is by way of compulsory acquisition under any law, or a transfer the consideration for which is determined or approved by the Central Government or the Reserve Bank of India; (iv) such income has arisen from the compensation or consideration for such transfer received by such assessee on or after the 1st day of April, 2004. Explanation.-For the purposes of this clause, the expression "compensation or consideration" includes the compensation or consideration enhanced or further enhanced by any court, Tribunal or other authority; ^102[(37A) any income chargeable under the head "Capital gains" in respect of transfer of a specified capital asset arising to an assessee, being an individual or a Hindu undivided family, who was the owner of such specified capi....
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....ified by the Central Government in this behalf, of such equity share is entered into on or after the 1st day of October, 2004 and such transaction is not chargeable to securities transaction tax under Chapter VII of the Finance (No. 2) Act, 2004 (23 of 2004).] ^105[Provided also that nothing contained in this clause shall apply to any income arising from the transfer of long-term capital asset, being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust, made on or after the 1st day of April, 2018.] ^99[Explanation.-For the purposes of this clause,- (a) "equity oriented fund" means a fund- (i) where the investible funds are invested by way of equity shares in domestic companies to the extent of more than sixty-five per cent. of the total proceeds of such fund; and (ii) which has been set up under a scheme of a Mutual Fund specified under clause (23D): Provided that the percentage of equity share holding of the fund shall be computed with reference to the annual average of the monthly averages of the opening and closing figures; (b) "International Financial Services Centre" shall have the sa....
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....a loan, either in lump sum or in instalment, in a transaction of reverse mortgage referred to in clause (xvi) of section 47.] ^70[(44) any income received by any person for, or on behalf of, the New Pension System Trust established on the 27th day of February, 2008 under the provisions of the Indian Trusts Act, 1882 (2 of 1882)] (45) ^115[****] ^73[(46) any specified income arising to a body or authority or Board or Trust or Commission (by whatever name called) ^143[other than those covered under clause (46A), or a class thereof] which- (a) has been established or constituted by or under a Central, State or Provincial Act, or constituted by the Central Government or a State Government, with the object of regulating or administering any activity for the benefit of the general public; (b) is not engaged in any commercial activity; and (c) is notified by the Central Government in the Official Gazette for the purposes of this clause. Explanation.- For the purposes of this clause, "specified income" means the income, of the nature and to the extent arising to a body or authority or Board or Trust or Commission (by whatever name called) ^1....
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....Government; (ii) having regard to the national interest, the foreign company and the agreement or arrangement are notified by the Central Government in this behalf; and (iii) the foreign company is not engaged in any activity, other than receipt of such income, in India.] ^100[(48A) any income accruing or arising to a foreign company on account of storage of crude oil in a facility in India and sale of crude oil therefrom to any person resident in India: Provided that - (i) the storage and sale by the foreign company is pursuant to an agreement or an arrangement entered into by the Central Government or approved by the Central Government; and (ii) having regard to the national interest, the foreign company and the agreement or arrangement are notified by the Central Government in this behalf;] ^104[(48B) any income accruing or arising to a foreign company on account of sale of leftover stock of crude oil, if any, from the facility in India after the expiry of the agreement or the arrangement referred to in clause (48A) ^107[or on termination of the said agreement or the arrangement, in accordance with the terms mentioned therein, a....
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....y income of the previous year relevant to the assessment year beginning on or after the 1st day of April, 2026.] ^136[Explanation 1.--For the removal of doubts it is hereby clarified that the income referred to in this clause shall not include and shall be deemed never to have been included any income which is chargeable to tax as royalty or fees for technical services in India under this Act read with the agreement notified by the Central Government under section 90 or section 90A. Explanation 2.-For the purposes of this clause,-- (i) "e-commerce supply or services" shall have the meaning assigned to it in clause (cb) of section 164 of the Finance Act, 2016 (28 of 2016); (ii) "specified service" shall have the meaning assigned to it in clause (i) of section 164 of the Finance Act, 2016 (28 of 2016).]] *************** NOTES:- 1. Inserted vide Section 6 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 2. Substituted vide Section 4 of the Finance Act, 1995 w.e.f. 01-07-1995 before it was read as, "any income of such Mutual Fund set up by a public sector bank or a public financial....
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....12. Inserted vide Section 6 of the Finance Act, 1999 w.e.f. 01-04-2000 13. Inserted vide Section 4 of the Finance Act, 1995 w.e.f. 01-04-1996 14. Omitted vide Section 5 of the Finance (No. 2) Act, 1998 w.e.f. 01-04-1999 before it was read as, "Provided also that if the aforesaid equity shares are transferred (other than in the event of the said shares being listed in a recognised stock exchange in India) by a venture capital fund or a venture capital company to any person at any time within a period of three years from the date of their acquisition, the aggregate amount of income by way of dividends on such equity shares which has not been included in the total income of the previous year or years preceding the previous year in which such transfer has taken place shall be deemed to be the income of the venture capital fund or of the venture capital company of the previous year in which such transfer has taken place: Provided also that the exemption shall not be allowed in respect of the long-term capital gains, if any, arising on such transfer of equity shares as is mentioned in the third proviso." 15. Substituted vide Sec....
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.... "Explanation 2.-For the removal of doubts it is hereby declared that the income of a venture capital company or venture capital fund shall continue to be exempt if the shares of the venture capital undertaking, in which the venture capital company or venture capital fund has made the initial investment, are subsequently listed in a recognised stock exchange in India;" Earlier, Inserted vide Section 5 of the Finance Act, 2001 w.e.f. 01-04-2001 25. Omitted vide Section 4 of the Finance Act, 2006 w.e.f. 01-04-2007 before it was read as, "(23G) any income by way of dividends, other than dividends referred to in section 115-O, interest or long-term capital gains of an infrastructure capital fund or an infrastructure capital company or a co-operative bank from investments made on or after the 1st day of June, 1998 by way of shares or long-term finance in any enterprise or undertaking wholly engaged in the business referred to in sub-section (4) of section 80-IA or sub-section (3) of section 80-IAB or a housing project referred to in sub-section (10) of section 80-IB or a hotel project or a hospital project and which has be....
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.... of this clause as it stood immediately before its amendment by the Finance (No. 2) Act, 1998 (21 of 1998) shall apply to such income;' Earlier, Inserted vide Section 4 of the Finance (No. 2) Act, 1996 w.e.f. 01-04-1997 And was Amended vide Section 3 of the Finance Act, 1997 w.e.f. 01-04-1998 And was Amended vide Section 5 of the Finance (No. 2) Act, 1998 w.e.f. 01-04-1999 And was Amended vide Section 2 of the Income-tax (Second Amendment) Act, 1998 w.e.f. 01-04-1999 And was Amended vide Section 6 of the Finance Act, 1999 w.e.f. 01-04-2000 And was Amended vide Section 5 of the Finance Act, 2000 w.e.f. 01-04-2000/01-04-2001 And was Amended vide Section 5 of the Finance Act, 2001 w.e.f. 01-04-2002 And was Amended vide Section 4 of the Finance Act, 2002 w.e.f. 01-04-2003 And was Amended vide Section 6 of the Finance Act, 2003 w.e.f. 01-04-2004/01-04-2002 And was Amended vide Section 5 of the Finance (No. 2) Act, 2004 w.e.f. 01-04-2005 And was Amended vide Second Schedule of the Special Economic Zones Act, 2005 w.e.f. 10-02-2006 26. Substituted vide Section 4 of the Finance (No. 2) Act, 19....
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....1971 w.e.f. 01-04-1970 before it was read as, "1970" 37. Re-Numbered vide Section 5 of the Finance Act, 1983 w.e.f. 01-04-1980 before it was read as, "Explanation" 38. Inserted vide Section 5 of the Finance Act, 1983 w.e.f. 01-04-1980 39. Omitted vide Section 3 of the Finance Act, 1997 w.e.f. 01-04-1998 before it was read as, "(26AA) any income of a person by way of winnings from any lottery, the draw of which is held in pursuance of any agreement entered into on or before the 28th day of February, 1989 between the State Government of Sikkim and the organising agents of such lottery, where such person is resident in the State of Sikkim in any previous year. Explanation.-For the purposes of this clause, a person shall be deemed to be resident in the State of Sikkim if he fulfils the requirements of clause (1) or clause (2) or clause (3) or clause (4) of section 6, as the case may be, subject to the modifications that- (i) references in those clauses to India shall be construed as references to the State of Sikkim; and (ii) in sub-clause (i) of clause (3), reference to Indian company shall be constru....
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....ed under any law for the time being in force for the marketing of commodities, any income derived from the letting of godowns or warehouses for storage, processing or facilitating the marketing of commodities;" Earlier, Inserted vide Third Schedule of the Finance (No. 2) Act, 1967 w.e.f. 01-04-1968 48. Inserted vide Section 6 of the Finance Act, 1999 w.e.f. 11-05-1999 49. Inserted vide Section 3 of the Taxation Laws (Amendment) Act, 1970 w.e.f. 01-04-1969 50. Inserted vide Section 3 of the Finance Act, 1984 w.e.f. 01-04-1985 51. Substituted vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Income-tax" 52. Substituted vide Section 2 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1988 before it was read as, "Income-tax" 53. Inserted vide Section 4 of the Finance Act, 1988 w.e.f. 01-04-1989 54. Inserted vide Section 4 of the Finance Act, 1992 w.e.f. 01-04-1993 55. Inserted vide Section 6 of the Finance Act, 2003 w.e.f. 01-04-2003 Earlier, Inserted vide Section 3 of the Finance Act, 1997 w.e.f. 01-04-1998 ....
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....nd development; (D) bio-technology; (E) research and development of new chemical entities in the pharmaceutical sector; (F) production of bio-fuels; (G) building and operating composite hotel-cum-convention centre with seating capacity of more than three thousand; or (H) developing or operating and maintaining or developing, operating and maintaining any infrastructure facility as defined in the Explanation to clause (i) of sub-section (4) of section 80-IA; or (ii) dairy or poultry industry; Earlier, Substituted vide Section 6 of the Finance Act, 2007 w.e.f. 01-04-2008 before it was read as, ^"23[(c)"venture capital undertaking" means a venture capital under­taking referred to in the Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992) and notified as such in the Official Gazette by the Board for the purposes of this clause;]" 69. Inserted vide Section 4 of the Finance (No. 2) Act, 2009 w.e.f. 01-04-2010 70 Inserted vide Section 4 of the Finance (No. 2) Act, 2009 w.e.f. 01-04-2009 71. ....
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....p;w.e.f. 01-04-2014 79. Inserted vide Section 5 of the Finance Act, 2013 w.e.f. 01-04-2014 80. Substituted vide Section 5 of the Finance Act, 2013 w.e.f. 01-04-2014 before it was read as "sale of crude oil to any person" 81. Inserted vide Section 5 of the Finance Act, 2013 w.e.f. 01-04-2014 82. Inserted vide Section 5 of the Finance (No. 2) Act, 2014 w.e.f. 01-04-2015 83. Inserted vide Section 5 of the Finance (No. 2) Act, 2014 w.e.f. 01-04-2015 84. Inserted vide Section 5 of the Finance (No. 2) Act, 2014 w.e.f. 01-04-2015 85. Inserted vide Section 7 of the Finance Act, 2015 w.e.f. 01-04-2016 86. Inserted vide Section 7 of the Finance Act, 2015 w.e.f. 01-04-2016 87. Inserted vide Section 7 of the Finance Act, 2015 w.e.f. 01-04-2016 88. Inserted vide Section 7 of the Finance Act, 2015 w.e.f. 01-04-2016 89. Inserted vide Section 7 of the Finance Act, 2015 w.e.f. 01-04-2016 90. Omitted vide Section 7 of the Finance Act, 2015 w.e.f. 01-04-2016 before it was read as, "^84[Provided further that the provisions of this clause shall not ....
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..... Omitted vide Section 6 of the Finance (No. 2) Act, 2019 w.e.f. 05-07-2019 before it was read as, "(not being listed on a recognised stock exchange)" 109. Omitted vide Section 7 of the Finance Act, 2020 w.e.f. 01-04-2021 before it was read as "subject to the provisions of Chapter XII-E," 110. Substituted vide Section 7 of the Finance Act, 2020 w.e.f. 01-04-2021 before it was read as "referred to in sub-section (7) of section 115-O" 111. Substituted vide Section 7 of the Finance Act, 2020 w.e.f. 01-04-2021 before it was read as "^94[in sub-clause (a) of clause (23FC)]" 112. Inserted vide Section 7 of the Finance Act, 2020 w.e.f. 01-04-2021 113. Inserted vide Section 7 of the Finance Act, 2020 w.e.f. 01-04-2021 114. Inserted vide Section 7 of the Finance Act, 2020 w.e.f. 01-04-2021 115. Omitted vide Section 7 of the Finance Act, 2020 w.e.f. 01-04-2021 before it was read as, "^72[(45) any allowance or perquisite, as may be notified by the Central Government in the Official Gazette in this behalf, paid to the Chairman or a retired Chairman or any other member or retired member of th....
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.... it was read as, "2021" 136. Substituted vide Section 6 of the Finance Act, 2021 w.e.f. 01-04-2021 before it was read as, "Explanation.-For the purposes of this clause, "specified service" shall have the meaning assigned to it in clause (i) of section 164 of Chapter VIII of the Finance Act, 2016." 137. Omitted vide Section 5 of the Finance Act, 2023 w.e.f. 01-04-2023 before it was read as, "^9[(23EB) any income of the Credit Guarantee Fund Trust for Small ^10[***] Industries, being a trust created by the Government of India and the Small Industries Development Bank of India established under sub-section (1) of section 3 of the Small Industries Development Bank of India Act, 1989 (39 of 1989), for five previous years relevant to the assessment years beginning on the 1st day of April, 2002 and ending on the 31st day of March, 2007;]" 138. Substituted vide Section 5 of the Finance Act, 2023 w.e.f. 01-04-2024 before it was read as, "interest" 139. Omitted vide Section 5 of the Finance Act, 2023 w.e.f. 01-04-2023 before it was read as, "^34[(26A) any income accruing or arising to any person ^35[* * *] from any ....
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....Order of even number dated the 8th April, 1991; or (iii) any other individual, whose name does not appear in the Register of Sikkim Subjects, but it is established beyond doubt that the name of such individual's father or husband or paternal grandfather or brother from the same father has been recorded in that register;]" 141. Inserted vide Section 5 of the Finance Act, 2023 w.e.f. 01-04-2024 142. Omitted vide Section 5 of the Finance Act, 2023 w.e.f. 01-04-2023 before it was read as, "(41) any income arising from transfer of a capital asset, being an asset of an undertaking engaged in the business of generation or transmission or distribution of power where such transfer is effected on or before the 31st day of March, 2006, to the Indian company notified under sub-clause (a) of clause (v) of sub-section (4) of section 80-IA;]" 143. Substituted vide Section 5 of the Finance Act, 2023 w.e.f. 01-04-2024 before it was read as, "^106[, or a class thereof]" 144. Inserted vide Section 5 of the Finance Act, 2023 w.e.f. 01-04-2024 145. Omitted vide Section 5 of the Finance Act, 2023 w.e.f. 01-04-2023 before it was....