Income Tax Act, 2025
Section 5: Subs. by Act 49 of 1991, s. 6, for sub-section (4A) (w.e.f. 11992).
5. Subs. by Act 49 of 1991, s. 6, for sub-section (4A) (w.e.f. 11992).
6.Ins. by Act 11 of 1983, s. 6 (w.e.f. 11984).
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(vi) investment in debentures issued by, or on behalf of, any company or corporation both the
principal whereof and the interest whereon are fully and unconditionally guaranteed by the Central
Government or by a State Government;
(vii) investment or deposit in any 1[public sector company]:
2[Provided that where an investment or deposit in any public sector company has been made and
such public sector company ceases to be a public sector company,—
(A) such investment made in the shares of such company shall be deemed to be an investment
made under this clause for a period of three years from the date on which such public sector
company ceases to be a public sector company;
(B) such other investment or deposit shall be deemed to be an investment or deposit made
under this clause for the period up to the date on which such investment or deposit becomes
repayable by such company;]
(viii) deposits with or investment in any bonds issued by a financial corporation which is engaged
in providing long-term finance for industrial development in India and 3[which is eligible for
deduction under clause (viii) of sub-section (1) of section 36];
(ix) deposits with or investment in any bonds issued by a public company formed and registered
in India with the main object of carrying on the business of providing long-term finance for
construction or purchase of houses in India for residential purposes and 3[which is eligible for
deduction under clause (viii) of sub-section (1) of section 36];
4[(ixa) deposits with or investment in any bonds issued by a public company formed and
registered in India with the main object of carrying on the business of providing long-term finance for
urban infrastructure in India.
Explanation.—For the purposes of this clause,—
(a) “long-term finance” means any loan or advance where the terms under which moneys are
loaned or advanced provide for repayment along with interest thereof during a period of not less
than five years;
(b) “public company” shall have the meaning assigned to it in section 3 of the Companies
Act, 1956 (1 of 1956);
(c) “urban infrastructure” means a project for providing potable water supply, sanitation and
sewerage, drainage, solid waste management, roads, bridges and flyovers or urban transport;]
(x) investment in immovable property.
Explanation.—”Immovable property” does not include any machinery or plant (other than
machinery or plant installed in a building for the convenient occupation of the building) even though
attached to, or permanently fastened to, anything attached to the earth;]
1. Subs. by Act 3 of 1989, s. 5, for “Government company as defined in section 617 of the Companies Act, 1956 (1 of
1956)” (w.e.f. 11989).
(w.e.f. 11992).
6.Ins. by Act 11 of 1983, s. 6 (w.e.f. 11984).
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investment in debentures issued by, or on behalf of, any company or corporation both the
principal whereof and the interest whereon are fully and unconditionally guaranteed by the Central
Government or by a State Government;
investment or deposit in any 1[public sector company]:
2[Provided that where an investment or deposit in any public sector company has been made and
such public sector company ceases to be a public sector company,—
such investment made in the shares of such company shall be deemed to be an investment
made under this clause for a period of three years from the date on which such public sector
company ceases to be a public sector company;
such other investment or deposit shall be deemed to be an investment or deposit made
under this clause for the period up to the date on which such investment or deposit becomes
repayable by such company;]
deposits with or investment in any bonds issued by a financial corporation which is engaged
in providing long-term finance for industrial development in India and 3[which is eligible for
deduction under clause
of sub-section
of section 36];
deposits with or investment in any bonds issued by a public company formed and registered
in India with the main object of carrying on the business of providing long-term finance for
construction or purchase of houses in India for residential purposes and 3[which is eligible for
deduction under clause
of sub-section
of section 36];
4[
deposits with or investment in any bonds issued by a public company formed and
registered in India with the main object of carrying on the business of providing long-term finance for
urban infrastructure in India.
Explanation.—For the purposes of this clause,—
“long-term finance” means any loan or advance where the terms under which moneys are
loaned or advanced provide for repayment along with interest thereof during a period of not less
than five years;
“public company” shall have the meaning assigned to it in section 3 of the Companies
Act, 1956 (1 of 1956);
“urban infrastructure” means a project for providing potable water supply, sanitation and
sewerage, drainage, solid waste management, roads, bridges and flyovers or urban transport;]
investment in immovable property.
Explanation.—”Immovable property” does not include any machinery or plant (other than
machinery or plant installed in a building for the convenient occupation of the building) even though
attached to, or permanently fastened to, anything attached to the earth;]
1. Subs. by Act 3 of 1989, s. 5, for “Government company as defined in section 617 of the Companies Act, 1956 (1 of
1956)” (w.e.f. 11989).