30 November 2012

The Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development)(No. 2) Notification 2012, published on 22 November shall be deemed to have come into operation on 15 October 2010.

The arrangement of the paragraphs in the Notification is as follows:

1. Citation and commencement
2. Definitions
3. Exemption from tax of qualifying amount paid by trustee of prescribed trust fund referred to in section 13C of Act
4. Exemption from tax of qualifying amount paid by prescribed person referred to in section 13CA of Act
5. Exemption from tax of qualifying amount paid by approved company referred to in section 13R of Act
6. Exemption from tax of qualifying amount paid by approved person, etc, referred to in section 13X of Act
7. Exemption from tax of qualifying amount paid by approved master fund or feeder fund referred to in section 13X of Act
8. Exemption from tax of qualifying amount paid by sovereign fund entity referred to in section 13Y of Act
9. Exemption from tax of qualifying amount paid by approved foreign government-owned entity referred to in section 13Y of Act
10. Exemptions not applicable if loan, etc, is for non-investment activities, or payment is for tax avoidance.

Source: Government Gazette