Central Government specifies '10 year--9% (tax free) Secured Redeemable Non-Convertible Railway Bonds-(Second Issue)', issued by the Indian Railway Finance Corporation Limited u/s 10(15)(iv)(h) - S.O.1197(E) - Income Tax Act, 1961
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Tax exemption for specified railway bonds allowed only when the bondholder registers their holding with the issuer. The Central Government specifies that designated secured redeemable non-convertible railway bonds qualify for income-tax exemption as specified securities and makes the exemption contingent on the bondholder registering his name and holding with the issuing corporation.
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 exemption for specified railway bonds allowed only when the bondholder registers their holding with the issuer.
The Central Government specifies that designated secured redeemable non-convertible railway bonds qualify for income-tax exemption as specified securities and makes the exemption contingent on the bondholder registering his name and holding with the issuing corporation.
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