No TDS u/s 193 on ‘ IRFC 54EC Bonds ’ & ‘ PFC 54EC Bond ’ : CBDT Notification

By | June 22, 2018
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(Last Updated On: June 23, 2018)

The Central Board of Direct Taxes (CBDT) has notified ‘Indian Railway Finance Corporation Limited 54EC Capital Gains Bond’ & ‘Power Finance Corporation Limited 54EC Capital Gains Bond’ for the purpose of non-deduction of tax at source under section 193 of Income Tax Act

MINSTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 18th June, 2018
No. 27/2018
(INCOME-TAX)

S.O. 2938(E).—In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the “Power Finance Corporation Limited 54EC Capital Gains Bond” issued by Power Finance Corporation Limited for the purpose of the said clause.

Provided that the benefit under the said proviso shall be admissible in the case of transfer of such bonds by endorsement or delivery, only if the transferee informs Power Finance Corporation Limited by registered post within a period of sixty days of such transfer.

[Notification No. 27/2018/F. No. 275/27/2017-IT(B)]
SANDEEP SINGH, Under Secy.

NOTIFICATION
New Delhi, the 18th June, 2018
No. 28/2018
(INCOME-TAX)

S.O. 2939(E).—In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the “Indian Railway Finance Corporation Limited 54EC Capital Gains Bond” issued by Indian Railway Finance Corporation Limited for the purpose of the said clause.

Provided that the benefit under the said proviso shall be admissible in the case of transfer of  such bonds by endorsement or delivery, only if the transferee informs Indian Railway Finance Corporation Limited by registered post within a period of sixty days of such transfer.

[Notification No. 28/2018/F. No. 275/27/2017-IT(B)]
SANDEEP SINGH, Under Secy.

Judgments on TDS under Income Tax Act

TDS on hired vehicles u/s 194I and not under 194C : High Court

Apply TDS u/s 194J on provision for Audit Fees :ITAT Chennai

Amount paid by Prasar Bharati to advertising agencies liable to TDS u/s Sec. 194H TDS: SC

No TDS on reimbursement of expenses if it had no income element: HC

Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source

3 thoughts on “No TDS u/s 193 on ‘ IRFC 54EC Bonds ’ & ‘ PFC 54EC Bond ’ : CBDT Notification

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