The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 541] NEW DELHI, MONDAY, DECEMBER 1, 1980/AGRAHAYANA 10, 1902
Separate paging is given to this Part in order that it may be filed at a separate compilation
824 THE GAZETTE OF INDIA : EXTRAORDINARY [Pxiir II-SEC. 3tfii)] MINISTRY OF FINANCE (Central Board of Direct Taxes) NOTIFICATIONNew Delhi, the 1st December, 1980
INCOME-TAX
S.O. 931(E).—In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board cf Direct Taxes hereby makes the following rules further to •mend the Income-tax Rules, 1962, namely:— It (1) These rules may be called the Jneomotax (Ninth Amend- ment) Rules. 1980.
(2) They shall come into force on tho 1st day of January,
1981.
2. In sub-rule (2) of rule 67 of the Income-tax Rules, 1962. for clauses (i) to (iv), the following clauses shall be substituted, namely:—-
"(i) in Government securities [as defined not less than 15% in section 2 of the Public Debt Act, of the investi- 1944 (18 of 1944)] created and issued blc moneys ; by the Central Government other than treasury bills.
(ii) in Government securities [as defined not less than in section 2 of the Public Debt Act, 15% of the in- 1944 (18 of 1944)] created and issued vestibie moneys; by any State Government; or in any other negotiable securities, the prin- cipal whereof and interest whereon is fully and unconditionally guaran- teed by the Central Government or any State Government.
(iii) in 7-year National Savings Certill- not exceeding cates (Second Issue and Third Issue) 40% of the in- or in any account with the Post Office vestible moneys; Savings Bank in accordance with the Post Office (Time Deposits1) Rules, 1970.
(iv) in Central Government Special De- not exceeding posit Scheme. 30% of the
investible moneys.".
[No. 3755/F. No. 142(18)/78-TPL]
S. N. SHENDE, Secy.