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<h1>Mahanagar Telephone Nigam Limited's 7-Year Bonds Qualify for Tax Benefits Under Section 193(iib) of Income-tax Act 1961</h1> The Central Government has specified the '7-year, 14% Secured Redeemable Non-Convertible Telephone Bonds, T-86 Series, First Issue' issued by Mahanagar Telephone Nigam Limited, New Delhi, under section 193(iib) of the Income-tax Act, 1961. This notification allows the bonds to benefit from the specified clause, provided that any transfer of the bonds by endorsement or delivery is communicated to Mahanagar Telephone Nigam Limited via registered post within sixty days of the transfer.