Specified bonds under section 193 proviso require transferee notice by registered post within sixty days to claim tax benefit. Central Government designates certain EXIM Bonds issued by the Export Import Bank of India as specified bonds for the proviso to section 193 of the Income tax Act. The notification lists four bond series and conditions the proviso benefit on a procedural requirement: if such bonds are transferred by endorsement or delivery, the transferee must inform the Export Import Bank of India by registered post within sixty days of the transfer to be eligible for the benefit.
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 bonds under section 193 proviso require transferee notice by registered post within sixty days to claim tax benefit.
Central Government designates certain EXIM Bonds issued by the Export Import Bank of India as specified bonds for the proviso to section 193 of the Income tax Act. The notification lists four bond series and conditions the proviso benefit on a procedural requirement: if such bonds are transferred by endorsement or delivery, the transferee must inform the Export Import Bank of India by registered post within sixty days of the transfer to be eligible for the benefit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
