India - Income Tax Act 2010 - Saarc

1.747 CH. XVII - COLLECTION AND RECOVERY - DEDUCTION AT SOURCE S. 194A(d) the Unit Trust of India established under the Unit Trust of IndiaAct, 1963 (52 of 1963), or(e) any company or co-operative society carrying on the business ofinsurance, or(f) such other institution, association or body 20 [or class of institutions,associations or bodies] which the Central Government may,for reasons to be recorded in writing, notify 21 in this behalf in theOfficial Gazette;22[(iv) to such income credited or paid by a firm to a partner of the firm;](v) to such income credited or paid by a co-operative society 23 [to amember thereof or] to any other co-operative society;]24[(vi) to such income credited or paid in respect of deposits under anyscheme framed by the Central Government and notified 25 by it in thisbehalf in the Official Gazette;26[(vii) to such income credited or paid in respect of deposits (other than timedeposits made on or after the 1st day of July, 1995) with a bankingcompany to which the Banking Regulation Act, 1949 (10 of 1949)applies (including any bank or banking institution referred to insection 51 of that Act);(viia) to such income credited or paid in respect of,—(a) deposits with a primary agricultural credit society or a primarycredit society or a co-operative land mortgage bank or a cooperativeland development bank;(b) deposits (other than time deposits made on or after the 1st day ofJuly, 1995) with a co-operative society, other than a co-operativesociety or bank referred to in sub-clause (a), engaged in carryingon the business of banking;]27[(viii) to such income credited or paid by the Central Government underany provision of this Act or the Indian Income-tax Act, 1922 (11 of1922), or the Estate Duty Act, 1953 (34 of 1953), or the Wealth-tax Act,1957 (27 of 1957), or the Gift-tax Act, 1958 (18 of 1958), or the Super20. Inserted by the Finance Act, 1968, w.e.f. 1-4-1968.21. For complete list of notified institutions, see Taxmann’s Master Guide to Income-tax Act.22. Reintroduced by the Direct Tax Laws (Amendment) Act, 1989, with retrospective effectfrom 1-4-1988. Earlier, it was omitted by the Direct Tax Laws (Amendment) Act, 1987, witheffect from the same date. Original clause (iv) was inserted by the Finance Act, 1968, w.e.f.1-4-1968.23. Inserted by the Finance (No. 2) Act, 1971, w.e.f. 1-4-1971.24. Inserted by the Finance Act, 1970, w.e.f. 1-4-1971.25. For specified certificates/deposit scheme, see Taxmann’s Master Guide to Income-tax Act.26. Substituted for clause (vii) by the Finance Act, 1995, w.e.f. 1-7-1995. Prior to its substitution,clause (vii) was amended by the Finance Act, 1992, w.e.f. 1-6-1992, and the Finance(No. 2) Act, 1991, w.e.f. 1-10-1991.27. Inserted by the Finance Act, 1975, w.e.f. 1-4-1975.