# The Finance Act, 1973, Section 23: Credit Guarantee Corporation of India Limited to be exempt for a certain period from liability to pay income-tax and surtax

- Act: The Finance Act, 1973 (Act 21 of 1973)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1973/section/23/

## Text

MISCELLANEOUS Credit Guarantee Corporation of India Limited to be exempt for a certain period from liability to pay income-tax and surtax 23. Notwithstanding anything contained in the Income-tax Act or the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Credit Guarantee Corporation of India Limited (a company formed and registered under the Companies Act, 1956 (1 of 1956) shall not be liable to pay any tax, under either of the two Acts first-mentioned, on its income, profits or gains for the previous year relevant to the assessment year commencing on the 1st day of April, 1972 and for the [seven previous years]2 next following that previous year, [Finance Act, 1973] © Copyright. Taxmann Publications Pvt. Ltd.

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