Tax-free bond specification: REC bonds eligible for exemption under section 10(15)(iv)(h) subject to holder registration. Notification designates the 10-year 9% Tax-free Secured Redeemable REC Bonds (15th Series), 1997, as eligible for exemption under clause (15)(iv)(h) of section 10 of the Income-tax Act, 1961, provided that the holder registers his name and holding with the issuing corporation.
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Tax-free bond specification: REC bonds eligible for exemption under section 10(15)(iv)(h) subject to holder registration.
Notification designates the 10-year 9% Tax-free Secured Redeemable REC Bonds (15th Series), 1997, as eligible for exemption under clause (15)(iv)(h) of section 10 of the Income-tax Act, 1961, provided that the holder registers his name and holding with the issuing corporation.
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