Section(s) Referred: 194K ,194K(2) ,194K(2)(iii)
Statute: INCOME TAX
Date of Issue: 21/3/1996
In exercise of the powers conferred by clause (iii) of sub-section (2) of section 194K of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following scheme of the Canbank Mutual Fund as the scheme having regard to the plan of payment of income to the unitholders for the purpose of the said clause, namely :–
——- Description of Period of Date of redemption the scheme subscription of scheme ——- (1) (2) (3) ——- Canstar (80L) 15-8-1990 to 16-9-1990 Continuous repurchase after the expiry of three years from the date of allotment. ——-
Provided that this notification shall cease to have effect after the 17th September, 2000.
(Sd.) Aniruddha Kumar, Under Secretary to the Government of India.
[No. 10029/F. No. 133/123/95-TPL