Tax-exempt secured REC bonds specified under section 10(15)(iv)(h); tax benefit contingent on holder registration. Central Government specifies 10 year--9% (tax free) Secured Redeemable Non-Convertible REC Bonds issued by the Rural Electrification Corporation Limited as qualifying for exemption under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income tax Act, 1961; the exemption is admissible only if the holder registers 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-exempt secured REC bonds specified under section 10(15)(iv)(h); tax benefit contingent on holder registration.
Central Government specifies 10 year--9% (tax free) Secured Redeemable Non-Convertible REC Bonds issued by the Rural Electrification Corporation Limited as qualifying for exemption under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income tax Act, 1961; the exemption is admissible only if the holder registers his name and holding with the issuing corporation.
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