Tax benefit for specified bonds requires transferee notification to the issuer within the prescribed period to retain eligibility. Central Government specifies seven year taxable secured redeemable non convertible bonds issued by the Housing and Urban Development Corporation Limited as qualifying securities under clause (ii) of sub section (1) of section 80L of the Income tax Act, making holders eligible for the tax benefit under that provision. The specification conditions entitlement on a transferee's compliance: the transferee must inform the issuer by registered post within sixty days of transfer for the benefit to be admissible in the transferee's hands.