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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>NTPC Bonds 1986-Second Series offer tax benefits under Section 80L of Income-tax Act; notify transfer within 60 days.</h1> The Central Government has specified the '14 per cent Secured Redeemable NTPC Bonds, 1986-Second Series,' issued by the National Thermal Power Corporation Limited, New Delhi, under section 80L of the Income-tax Act, 1961. This designation allows for certain tax benefits. These benefits apply to bond transfers if the transferee notifies the corporation by registered post within sixty days of the transfer. This notification is issued under the authority of clause (ii) of sub-section (1) of section 80L of the Income-tax Act.
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