eCourtsIndia
IndiaCode Laws
Section48
The Finance Act, 2005

Amendment of section 194A

In force Act 18 of 2005 As on 07 Oct 2026

Act 18 of 2005 Ministry Finance Enacted 13 May 2005

Section 48 of the Finance Act, 2005 deals with amendment of section 194A. Amendment of section 194A. 48. In section 194A of the Income-tax Act, in sub-section (3), with effect from 1st day of June, 2005,— (i ) after clause (ix), the following clause shall be inserted, namely:— "(x) to such income which is paid or payable by an infrastructure capital company or infrastruct The Act was enacted on 13 May 2005.

Amendment of section 194A.

48. In section 194A of the Income-tax Act, in sub-section (3), with effect from 1st day of June, 2005,—

(i ) after clause (ix), the following clause shall be inserted, namely:—

"(x) to such income which is paid or payable by an infrastructure capital company or infrastructure capital fund or a public sector company in relation to a zero coupon bond issued on or after the 1st day of June, 2005 by such company or fund or public sector company;";

(ii ) for the Explanation, the following Explanations shall be substituted, namely:—

" Explanation 1.— For the purposes of clauses (i), (vii) and (viia) , "time deposits" means deposits (excluding recurring deposits) repayable on the expiry of fixed periods.

Explanation 2.—For the purposes of clause (x), "infrastructure capital company" and "infrastructure capital fund" shall have the meanings respectively assigned to them in clauses (a) and (b) of Explanation 1 to clause (23G) of section 10.".

© Copyright. Taxmann Publications Pvt. Ltd.

Section 48, The Finance Act, 2005 (Act 18 of 2005).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 10 Amendment of section 35
  2. Income-tax Act s. 194A Interest other than "Interest on securities"

Questions about Section 48

What does Section 48 of the Finance Act deal with?

Section 48 of the Finance Act is headed "Amendment of section 194A". Amendment of section 194A. 48. In section 194A of the Income-tax Act, in sub-section (3), with effect from 1st day of June, 2005,— (i ) after clause (ix), the following clause shall be inserted, namely:— "(x) to such income which is paid or payable by an infrastructure capital company or infrastruct

How do I find court cases under Section 48 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 2005 48, section 48 Finance Act 2005, section 48 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 48 of the Finance Act, and has it changed?

Its own text turns on section 10 (Amendment of section 35), Income-tax Act 194A (Interest other than "Interest on securities"), so none of them can safely be read on its own.

When was Section 48 of the Finance Act enacted?

Section 48 of the Finance Act, cited as Finance Act 2005 48, was enacted on 13 May 2005 as Act 18 of 2005. It is in force as at the date shown on this page.

Other sections of this Act

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.