Securities listed on a recognised stock exchange located in any International Financial Services Centre - Seeks to amend Notification No. 16/2020, dated the 5th March, 2020 - 71/2023 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 71/2023 New Delhi, the 12th September, 2023 INCOME-TAX S.O. 3981(E). In exercise of the powers conferred by sub-clause (d) of clause (viiab) of section 47 of the Income-tax Act, 1961 (43 of 1961) , the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), number 16/2020, dated the 5th March, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, sub-section (ii), vide number S.O. 986(E), dated 5th March, 2020, namely:- In the said notification, in the first paragraph, - (i) after clause (vi), the following clause shall be inserted, namely: - (vii) unit of investment trust; (viii) unit of a scheme; (ix) unit of a Exchange Traded Fund launched under International Financial Services Centres Authority (Fund Management) Regulations, 2022, ; (ii) in the Explanation, after clause (c), the following clause shall be inserted, namely: - (d) Investment Trust shall have the meaning assigned to it in clause (d) of sub-regulation (1) of regulation 83 of the International Financial Services Centres Authority (Fund Management) Regulations, 2022. (e) Scheme shall have the meaning assigned to it in clause (ii) of sub-regulation (1) of regulation 2 of the International Financial Services Centres Authority (Fund Management) Regulations, 2022. . 2. This notification shall come into force with effect from the date of its publication in the Official Gazette. [F. No. 225/103/2023-ITA-II] CASTRO JAYAPRAKASH T., Under Secy. Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), vide number S.O. 986(E) dated 5th March, 2020 , and subsequently amended by Notification No. 89 of 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), vide number S.O. 3652(E) dated 03rd August, 2022.