Income Tax Act, 2025
Section 13: Ins. by Act 32 of 1971, s. 3 (w.e.f. 011971).
13. Ins. by Act 32 of 1971, s. 3 (w.e.f. 011971).
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(ii) in the case of the State of Jammu and Kashmir, a company formed and registered under
any law for the time being in force in that State;
1[(iii) in the case of any of the Union territories of Dadra and Nagar Haveli, Goa, Daman and
Diu, and Pondicherry, a company formed and registered under any law for the time being in force
in that Union territory:]
Provided that the 2[registered or, as the case may be, principal office of the company,
corporation, institution, association or body] in all cases is in India;
3[(26A) “infrastructure capital company” means such company which makes investments by way
of acquiring shares or providing long-term finance to any enterprise or undertaking wholly engaged in
the business referred to in sub-section (4) of section 80-IA or sub-section (1) of section 80-IAB or an
undertaking developing and building a housing project referred to in sub-section (10) of
section 80-IB or a project for constructing a hotel of not less than three-star category as classified by
the Central Government or a project for constructing a hospital with at least one hundred beds for
patients;
(26B) “infrastructure capital fund” means such fund operating under a trust deed registered under
the provisions of the Registration Act, 1908 (16 of 1908) established to raise monies by the trustees
for investment by way of acquiring shares or providing long-term finance to any enterprise or
undertaking wholly engaged in the business referred to in sub-section (4) of section 80-IA or
sub-section (1) of section 80-IAB or an undertaking developing and building a housing project
referred to in sub-section (10) of section 80-IB or a project for constructing a hotel of not less than
three-star category as classified by the Central Government or a project for constructing a hospital
with at least one hundred beds for patients;]
4* * * * *
(28) “Inspector of Income-tax” means a person appointed to be an Inspector of Income-tax under
5[sub-section (1)] of section 117;
6[(28A) “interest” means interest payable in any manner in respect of any moneys borrowed or
debt incurred (including a deposit, claim or other similar right or obligation) and includes any service
fee or other charge in respect of the moneys borrowed or debt incurred or in respect of any credit
facility which has not been utilised;
7[(28B) “interest on securities” means,—
(i) interest on any security of the Central Government or a State Government;
(ii) interest on debentures or other securities for money issued by or on behalf of a local
authority or a company or a corporation established by a Central, State or Provincial Act;]
1. Ins. by the Taxation Laws (Extension to Union Territories) Regulation, 1963 (Reg. 3 of 1963), s. 3 (w.e.f. 11963).
2. Subs. by Act 32 of 1971, s. 3, for “registered office of the company” (w.e.f. 11971).
in the case of the State of Jammu and Kashmir, a company formed and registered under
any law for the time being in force in that State;
1[
in the case of any of the Union territories of Dadra and Nagar Haveli, Goa, Daman and
Diu, and Pondicherry, a company formed and registered under any law for the time being in force
in that Union territory:]
Provided that the 2[registered or, as the case may be, principal office of the company,
corporation, institution, association or body] in all cases is in India;
3[
“infrastructure capital company” means such company which makes investments by way
of acquiring shares or providing long-term finance to any enterprise or undertaking wholly engaged in
the business referred to in sub-section
of section 80-IA or sub-section
of section 80-IAB or an
undertaking developing and building a housing project referred to in sub-section
of
section 80-IB or a project for constructing a hotel of not less than three-star category as classified by
the Central Government or a project for constructing a hospital with at least one hundred beds for
patients;
“infrastructure capital fund” means such fund operating under a trust deed registered under
the provisions of the Registration Act, 1908 (16 of 1908) established to raise monies by the trustees
for investment by way of acquiring shares or providing long-term finance to any enterprise or
undertaking wholly engaged in the business referred to in sub-section
of section 80-IA or
sub-section
of section 80-IAB or an undertaking developing and building a housing project
referred to in sub-section
of section 80-IB or a project for constructing a hotel of not less than
three-star category as classified by the Central Government or a project for constructing a hospital
with at least one hundred beds for patients;]
4* * * * *
“Inspector of Income-tax” means a person appointed to be an Inspector of Income-tax under
5[sub-section
“interest” means interest payable in any manner in respect of any moneys borrowed or
debt incurred (including a deposit, claim or other similar right or obligation) and includes any service
fee or other charge in respect of the moneys borrowed or debt incurred or in respect of any credit
facility which has not been utilised;
7[
“interest on securities” means,—
interest on any security of the Central Government or a State Government;
interest on debentures or other securities for money issued by or on behalf of a local
authority or a company or a corporation established by a Central, State or Provincial Act;]
1. Ins. by the Taxation Laws (Extension to Union Territories) Regulation, 1963 (Reg. 3 of 1963), s. 3 (w.e.f. 11963).
2. Subs. by Act 32 of 1971, s. 3, for “registered office of the company” (w.e.f. 11971).