Document text
्व्
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 12th September, 2023
INCOME-TAX
S.O. 3981(E).—In exercise of the powers conferred by sub-clause (d) of clause (viiab) of section 47 of the
Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the
notification of the Government of India, Ministry of Finance, (Department of Revenue), number 16/2020, dated the
5th March, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (ii), vide number
S.O. 986(E), dated 5th March, 2020, namely:-
In the said notification, in the first paragraph, -
(i)
after clause (vi), the following clause shall be inserted, namely: -
“(vii) unit of investment trust;
(viii) unit of a scheme;
(ix) unit of a Exchange Traded Fund launched under International Financial Services Centres Authority (Fund
Management) Regulations, 2022,”;
(ii)
in the Explanation, after clause (c), the following clause shall be inserted, namely: -
“(d) “Investment Trust” shall have the meaning assigned to it in clause (d) of sub-regulation (1) of regulation 83 of
the International Financial Services Centres Authority (Fund Management) Regulations, 2022.
(e) “Scheme” shall have the meaning assigned to it in clause (ii) of sub-regulation (1) of regulation 2 of the
International Financial Services Centres Authority (Fund Management) Regulations, 2022.”.
2. This notification shall come into force with effect from the date of its publication in the Official Gazette.
[Notification No. 71/2023, F. No. 225/103/2023-ITA-II]
CASTRO JAYAPRAKASH T., Under Secy.
Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3,
sub-section (ii), vide number S.O. 986(E) dated 5th March, 2020, and subsequently amended by Notification
No. 89 of 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), vide
number S.O. 3652(E) dated 03rd August, 2022.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
