Central Government specifies '7 Year 13% (taxable) Secured Redeemable Non-Convertible NTPC Bonds-III Public Issue', issued by the National Thermal Power Corporation Limited u/s 80L(1)(ii) - S.O.314(E) - Income Tax Act, 1961
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Tax deduction eligibility for specified NTPC bonds requires transferee to notify the issuer by registered post within sixty days. The Central Government specifies the '7 Year 13% Secured Redeemable Non-Convertible NTPC Bonds-III Public Issue' as a specified security for the purposes of section 80L(1)(ii), creating tax deduction eligibility, and provides that benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing corporation by registered post within sixty days of such 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.
Tax deduction eligibility for specified NTPC bonds requires transferee to notify the issuer by registered post within sixty days.
The Central Government specifies the "7 Year 13% Secured Redeemable Non-Convertible NTPC Bonds-III Public Issue" as a specified security for the purposes of section 80L(1)(ii), creating tax deduction eligibility, and provides that benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing corporation by registered post within sixty days of such transfer.
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