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THE FIRST SCHEDULE
(See sub-section (4) of
section 1)
(Substituted vide ITAA-2006)
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Documents or
Transactions To Whichthe Act Shall Not Apply |
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| 1 |
A Negotiable Instrument (Other than a
cheque) as defined in Section 13 of the Negotiable Instruments
Act 1881 (26 of 1881)
Modified as per notification
dated 4th October 2022
“1. A negotiable instrument (other
than a cheque, a Demand Promissory Note or a Bill of Exchange
issued in favour of or endorsed by an entity regulated by the
Reserve Bank of India, National Housing Bank, Securities and
Exchange Board of India, Insurance Regulatory and Development
Authority of India and Pension Fund Regulatory and Development
Authority) as defined in section 13 of the Negotiable Instrument
Act, 1881 (26 of 1881).”; |
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| 2 |
A Power of Attorney as defined in
section 1A of the Power of Attorney Act 1882 (7 of 1882)“but
excluding those power-ofattorney that empower an entity
regulated by the Reserve Bank of India, National Housing Bank,
Securities and Exchange Board of India, Insurance Regulatory and
Development Authority of India and Pension Fund Regulatory and
Development Authority to act for, on behalf of, and in the name
of the person executing them.”
(Amended vide notification
dated 4th october 2022) |
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| 3 |
A trust as defined in section 3 of the
Indian Trusts Act, 1882 (2 of 1882) |
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| 4 |
A will as defined in clause (h) of
section 2 of the Indian Succession Act, 1925 (39 of 1925)
including any testamentary deposition whatever name called |
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| 5 |
Any contract for the sale or
conveyance of immovable property or any interest in such
property
Deleted vide notification dated
26th September 2022 |
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