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of <h1>Government Recognizes HUDCO Shelter Bonds for Tax Benefits Under Section 80L, Notification Required for Transfer Benefits</h1> The Central Government has specified the '7 year-13% (taxable) Secured Redeemable Non-convertible HUDCO Shelter Bonds (Series-II)' issued by the Housing and Urban Development Corporation Limited under section 80L of the Income-tax Act, 1961. These bonds are recognized for tax benefits under the specified clause. However, for the tax benefit to be applicable upon transfer of these bonds, the transferee must notify the Corporation by registered post within sixty days of the transfer. This notification was issued by the Under Secretary to the Government of India.
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