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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Specifies NTPC Bonds Eligible for Section 80L(1)(ii) Income Tax Benefits; Notification Required for Transfer.</h1> The Central Government has specified the '7 Year 13% (taxable) Secured Redeemable Non-Convertible NTPC Bonds-III Public Issue,' issued by the National Thermal Power Corporation Limited, under section 80L(1)(ii) of the Income-tax Act, 1961. The benefit under this clause is available for bond transfers only if the transferee notifies the corporation by registered post within sixty days of the transfer. This notification was issued by the Under Secretary to the Government of India, dated March 28, 1988.
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