Interest payable on—

 National Development Bonds;

 such debentures, issued by such institution or authority or any other person as the Central Government may, by notification, specify in this behalf;

 any security of the Central Government or a State Government, other than—

 8% Saving (Taxable) Bonds, 2003; or

 7.75% Savings (Taxable) Bonds, 2018; or

 Floating Rate Savings Bonds, 2020 (Taxable); or

 any other security of the Central Government or State Government as the Central Government may, by notification, specify in this behalf;

 interest payable to—

 the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956 (31 of 1956), in respect of any securities owned by it or in which it has full beneficial interest; or

 the General Insurance Corporation of India or to any of the four companies, formed by virtue of the schemes made under section 16(1) of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972), in respect of any securities owned by the Corporation or such company or in which the Corporation or such company has full beneficial interest; or

 any other insurer in respect of any securities owned by it or in which it has full beneficial interest; or

 a “business trust”, as defined in section 2(21), in respect of any securities, by a special purpose vehicle referred to in Schedule V (Table: Sl. No. 3).

any financial corporation established by or under a Central Act or State Act or Provincial Act; or

the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956 (31 of 1956); or

any company or co-operative society carrying on the business of insurance; or

such other institution, association or body or class of institutions, associations or bodies which the Central Government may, for reasons to be recorded in writing, notified in this behalf before the 1st April, 2020;

by a co-operative society other than a co-operative bank, to a member thereof; or

by a co-operative society to any other co-operative society; or

in respect of deposits with a primary agricultural credit society or a primary credit society or a co-operative land mortgage bank or a co-operative land development bank; or

in respect of deposits (other than time deposits made on or after the 1st July, 1995) with a co-operative society, other than a co-operative society or bank referred to in sub-clause (iii), engaged in the business of banking,

where the total sales, gross receipts or turnover of the co-operative society exceed fifty crore rupees during the tax year immediately preceding the tax year in which such interest is credited or paid and;

the amount or aggregate of amounts of interest credited or paid exceeds the threshold limit mentioned in section 393(1) (Table: Sl. No. 5(ii)D); and

by the Central Government under any provision of this Act or the Income-tax Act, 1961 (43 of 1961), or the Estate Duty Act, 1953 (34 of 1953), or the Wealth-tax Act, 1957 (27 of 1957), or the Gift-tax Act, 1958 (18 of 1958), the Companies (Profits) Surtax Act, 1964 (7 of 1964), or the Interest-tax Act, 1974 (45 of 1974);

in respect of deposits under any scheme framed by the Central Government and notified by it in this behalf;

in respect of deposits (other than time deposits made on or after the 1st July, 1995) with a banking company;

by way of interest on the compensation amount awarded by the Motor Accidents Claims Tribunal, where the amount of such income or the aggregate of the amounts of such income does not exceed ₹ 50,000 during the tax year;

or payable by an infrastructure capital company; or infrastructure capital fund; or infrastructure debt fund; or a public sector company; or scheduled bank in relation to a zero-coupon bond issued on or after the 1st June 2005 by such company or fund or public sector company or scheduled bank;

as referred to in Schedule V (Table: Sl. No. 3);

by a firm to a partner of the firm.

any sum credited or paid or likely to be credited or paid during the tax year to the account of a contractor during the course of business of plying, hiring or leasing goods carriages; and

that contractor owns ten or less goods carriages at any time during the tax year; and

furnishes a declaration to that effect, along with his Permanent Account Number, to the person paying or crediting the sum; and

The person responsible for paying to the contractor furnishes to the prescribed income-tax authority the particulars in such form and within such time as may be prescribed;

where such sum is credited or paid by an individual or a Hindu undivided family exclusively for personal purposes of such individual or any member of the Hindu undivided family.

the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956 (31 of 1956), in respect of any shares owned by it or in which it has full beneficial interest;

the General Insurance Corporation of India or to any of the four companies, formed by virtue of the schemes made under section 16(1) of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972), in respect of any shares owned by the Corporation or such company or in which the Corporation or such company has full beneficial interest;

any other insurer in respect of any shares owned by it or in which it has a full beneficial interest;

a “business trust”, as defined in section 2(21), by a special purpose vehicle referred to in Schedule V (Note 2);

any other person as may be notified by the Central Government in this behalf;

a shareholder, being an individual, if—

the dividend is paid by the company by any mode other than cash; and

amount or aggregate of amounts of such dividend distributed or paid or likely to be distributed or paid during the tax year does not exceed ₹ 10,000.

an individual or a Hindu undivided family; and

the gross amount of the sales or services or both during the tax year does not exceed ₹ 500000; and

The e-commerce participant has furnished the Permanent Account Number or Aadhaar number to the e-commerce operator.

₹ 50000, when payable by an individual or a Hindu undivided family, —

whose total sales, gross receipts or turnover from the business carried on by him or profession exercised by him does not exceed one crore rupees in case of business or fifty lakh rupees in case of profession, during the tax year immediately preceding the tax year in which such virtual digital asset is transferred;

not having any income under the head “Profits and gains of business or profession”;

₹ 10000, when payable by any person other than the person referred to in clause (a).

any banking company or co-operative society engaged in carrying on the business of banking or a post office;

any business correspondent of a banking company or co-operative society engaged in carrying on the business of banking, as per the guidelines issued in this regard by the Reserve Bank of India under the Reserve Bank of India Act, 1934 (2 of 1934);

any white-label automated teller machine operator of a banking company or co-operative society engaged in carrying on the business of banking, as per the authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 (51 of 2007).

payment of the accumulated balance due to an employee referred to in section 392(7);

insurance Commission referred to in section 393(1) [Table: Sl. No. 1(i)];

rent referred to in section 393(1) [Table: Sl. No. 2(ii)];

income in respect of units referred to in section 393(1) [Table: Sl. No. 4(i)];

interest referred to in section 393(1) [Table: Sl. No. 5(i), (ii) and (iii)];

payment in respect of life insurance policy referred to in section 393(1) [Table: Sl. No. 8(i)].

dividend referred to in section 393(1) (Table: Sl. No. 7).