Credit Guarantee Corporation of India Limited to be exempt for a certain period from liability to pay income-tax and surtax
Section 23 of the Finance Act, 1973 deals with credit Guarantee Corporation of India Limited to be exempt for a certain period from liability to pay income-tax and surtax. MISCELLANEOUS Credit Guarantee Corporation of India Limited to be exempt for a certain period from liability to pay income-tax and surtax 23. The Act was enacted on 11 May 1973.
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]
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Section 23, The Finance Act, 1973 (Act 21 of 1973).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Referred to by 2
Questions about Section 23
What does Section 23 of the Finance Act deal with?
Section 23 of the Finance Act is headed "Credit Guarantee Corporation of India Limited to be exempt for a certain period from liability to pay income-tax and surtax". MISCELLANEOUS Credit Guarantee Corporation of India Limited to be exempt for a certain period from liability to pay income-tax and surtax 23.
How do I find court cases under Section 23 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1973 23, section 23 Finance Act 1973, section 23 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 23 of the Finance Act, and has it changed?
2 other provisions in this corpus refer back to it.
When was Section 23 of the Finance Act enacted?
Section 23 of the Finance Act, cited as Finance Act 1973 23, was enacted on 11 May 1973 as Act 21 of 1973. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule5471 words
- 2. Rates of Income-Tax1577 words
- 7. Insertion of new section 54D419 words
- 15. Amendment of section 155346 words
- 8. Amendment of section 80C329 words
- 13. Amendment of section 105305 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.