Section 2
Definitions.
The Gold Bonds (Immunities and Exemptions) Act, 1993
About this Act
An Act to provide for certain immunities to the subscribers of the Gold Bonds and for certain exemptions from direct taxes in relation to such Bonds and for matters connected therewith or incidental thereto.
In this Act, unless the context otherwise requires,--
(a) "Gold Bonds" means the Gold Bonds, 1998, issued by the Central Government in accordance with the scheme framed by that Government under section 3;
(b) "subscriber" means an individual, a Hindu undivided family, trustees of a trust, a firm or a company, being a resident or residents in India, who has or have initially subscribed to the Gold Bonds.
Explanation.-- For the purposes of this clause, the expression "individual" shall also include,--
(i) his legal heirs; or
(ii) where a partition has taken place among the members of the Hindu undivided family, every member of such family having a share in the Gold Bonds;
(c) all other words and expressions used in this Act but not defined and defined in the Income-tax Act, 1961 (43 of 1961) shall have the meanings respectively assigned to them in that Act.
(a) "Gold Bonds" means the Gold Bonds, 1998, issued by the Central Government in accordance with the scheme framed by that Government under section 3;
(b) "subscriber" means an individual, a Hindu undivided family, trustees of a trust, a firm or a company, being a resident or residents in India, who has or have initially subscribed to the Gold Bonds.
Explanation.-- For the purposes of this clause, the expression "individual" shall also include,--
(i) his legal heirs; or
(ii) where a partition has taken place among the members of the Hindu undivided family, every member of such family having a share in the Gold Bonds;
(c) all other words and expressions used in this Act but not defined and defined in the Income-tax Act, 1961 (43 of 1961) shall have the meanings respectively assigned to them in that Act.