Income Tax Act, 2025
Section 9: Ins. by Act 18 of 1992, S. 4 (w.e.f. 11993).
9. Ins. by Act 18 of 1992, S. 4 (w.e.f. 11993).
94
1[(23DA) any income of a securitisation trust from the activity of securitisation.
Explanation.—For the purposes of this clause,—
(a) “securitisation” shall have the same meaning as assigned to it,—
(i) in clause (r) of sub-regulation (1) of regulation 2 of the Securities and Exchange
Board of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008
made under the Securities and Exchange Board of India Act, 1992 (15 of 1992) and the
Securities Contracts (Regulation) Act, 1956 (42 of 1956); or
2[(ia) in clause (z) of sub-section (1) of section 2 of the Securitisation and Reconstruction
of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002); or]
(ii) under the guidelines on securitisation of standard assets issued by the Reserve Bank
of India;
(b) “securitisation trust” shall have the meaning assigned to it in
the Explanation below 3[section 115TCA];]
4* * * * *
5[(23EA) 6[any income, by way of contributions received from recognised stock exchanges and
the members thereof,] of such Investor Protection Fund set up by recognised stock exchanges in
India, either jointly or separately, as the Central Government may, by notification in the Official
Gazette, specify in this behalf:
Provided that where any amount standing to the credit of the Fund and not charged to income-tax
during any previous year is shared, either wholly or in part, with a recognised stock exchange, the
whole of the amount so shared shall be deemed to be the income of the previous year in which such
amount is so shared and shall accordingly be chargeable to income-tax;]
7[(23EB) any income of the 8[Credit Guarantee Fund Trust for Small Industries], being a trust
created by the Government of India and the Small Industries Development Bank of India established
under sub-section (1) of section 3 of the Small Industries Development Bank of India
Act, 1989 (39 of 1989), for five previous years relevant to the assessment years beginning on the
1st day of April, 2002 and ending on the 31st day of March, 2007;]
9[(23EC) any income, by way of contributions received from commodity exchanges and the
members thereof, of such Investor Protection Fund set up by commodity exchanges in India, either
jointly or separately, as the Central Government may, by notification in the Official Gazette, specify
in this behalf:
Provided that where any amount standing to the credit of the said Fund and not charged to
income-tax during any previous year is shared, either wholly or in part, with a commodity exchange,
the whole of the amount so shared shall be deemed to be the income of the previous year in which
such amount is so shared and shall accordingly be chargeable to income-tax.
any income of a securitisation trust from the activity of securitisation.
Explanation.—For the purposes of this clause,—
“securitisation” shall have the same meaning as assigned to it,—
in clause
of sub-regulation
of regulation 2 of the Securities and Exchange
Board of India (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008
made under the Securities and Exchange Board of India Act, 1992 (15 of 1992) and the
Securities Contracts
Act, 1956 (42 of 1956); or
2[
in clause
of sub-section
of section 2 of the Securitisation and Reconstruction
of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002); or]
under the guidelines on securitisation of standard assets issued by the Reserve Bank
of India;
“securitisation trust” shall have the meaning assigned to it in
the Explanation below 3[section 115TCA];]
4* * * * *
5[
6[any income, by way of contributions received from recognised stock exchanges and
the members thereof,] of such Investor Protection Fund set up by recognised stock exchanges in
India, either jointly or separately, as the Central Government may, by notification in the Official
Gazette, specify in this behalf:
Provided that where any amount standing to the credit of the Fund and not charged to income-tax
during any previous year is shared, either wholly or in part, with a recognised stock exchange, the
whole of the amount so shared shall be deemed to be the income of the previous year in which such
amount is so shared and shall accordingly be chargeable to income-tax;]
7[
any income of the 8[Credit Guarantee Fund Trust for Small Industries], being a trust
created by the Government of India and the Small Industries Development Bank of India established
under sub-section
of section 3 of the Small Industries Development Bank of India
Act, 1989 (39 of 1989), for five previous years relevant to the assessment years beginning on the
1st day of April, 2002 and ending on the 31st day of March, 2007;]
9[
any income, by way of contributions received from commodity exchanges and the
members thereof, of such Investor Protection Fund set up by commodity exchanges in India, either
jointly or separately, as the Central Government may, by notification in the Official Gazette, specify
in this behalf:
Provided that where any amount standing to the credit of the said Fund and not charged to
income-tax during any previous year is shared, either wholly or in part, with a commodity exchange,
the whole of the amount so shared shall be deemed to be the income of the previous year in which
such amount is so shared and shall accordingly be chargeable to income-tax.