Central Government specifies '14 per cent. Secured Redeemable NTPC Bonds, 1986-Second Series', issued by the National Thermal Power Corporation Limited, New Delhi u/s 80L - S.O.2820 - Income Tax Act, 1961
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Specified Secured Redeemable Bonds designation enables tax benefit on transfer subject to transferee notification requirement. Central Government designates the Secured Redeemable NTPC Bonds, 1986-Second Series issued by the National Thermal Power Corporation Limited as qualifying securities for the tax deduction under section 80L, with the proviso that on transfer by endorsement or delivery the benefit is admissible only if the transferee informs the Corporation by registered post within sixty days of the transfer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified Secured Redeemable Bonds designation enables tax benefit on transfer subject to transferee notification requirement.
Central Government designates the Secured Redeemable NTPC Bonds, 1986-Second Series issued by the National Thermal Power Corporation Limited as qualifying securities for the tax deduction under section 80L, with the proviso that on transfer by endorsement or delivery the benefit is admissible only if the transferee informs the Corporation by registered post within sixty days of the transfer.
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