Central Government specifies '10 year--9% (tax free) Secured Redeemable Non-Convertible PFC Bonds-II Series (Private Placement)', issued by the Power Finance Corporation Limited u/s 10(15)(iv)(h) - S.O.75(E) - Income Tax Act, 1961
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Tax exemption for specified PFC bonds under section 10(15)(iv)(h) requires holder registration to secure benefit. Central Government specifies 10 year secured redeemable non convertible PFC Bonds II Series issued by the Power Finance Corporation as eligible for tax exemption under section 10(15)(iv)(h), and conditions the admissibility of that exemption upon 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 PFC bonds under section 10(15)(iv)(h) requires holder registration to secure benefit.
Central Government specifies 10 year secured redeemable non convertible PFC Bonds II Series issued by the Power Finance Corporation as eligible for tax exemption under section 10(15)(iv)(h), and conditions the admissibility of that exemption upon the bondholder registering his name and holding with the issuing corporation.
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