Central Government specifies the '11 per cent. Industrial Finance Corporation Bonds, 2003 (49th Series)' issued by the Industrial Finance Corporation of India, New Delhi u/s 193(iib) - S.O.2760 - Income Tax Act, 1961
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Specified bond exemption requires transferee to notify IFCI or RBI by registered post within sixty days to retain tax benefit. Central Government specifies the '11 per cent. Industrial Finance Corporation Bonds, 2003 (49th Series)' as within the proviso to section 193 (clause (iib)) of the Income tax Act, and conditions the benefit on the transferee informing the Industrial Finance Corporation or Reserve Bank of India by registered post within sixty days of any transfer by endorsement or delivery.
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 bond exemption requires transferee to notify IFCI or RBI by registered post within sixty days to retain tax benefit.
Central Government specifies the "11 per cent. Industrial Finance Corporation Bonds, 2003 (49th Series)" as within the proviso to section 193 (clause (iib)) of the Income tax Act, and conditions the benefit on the transferee informing the Industrial Finance Corporation or Reserve Bank of India by registered post within sixty days of any transfer by endorsement or delivery.
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