Central Government specifies '10 year-9% (tax-free) Secured Redeemable Non-Convertible Railway Bonds-III Series', issued by the Indian Railway Finance Corporation Limited u/s 10(15)(iv)(h) - S.O.282(E) - Income Tax Act, 1961
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Tax exemption for specified railway bonds granted, subject to bondholder registration to secure the tax-free interest benefit. Central Government specifies 10 year 9% tax-free secured redeemable non-convertible railway bonds (Series III) as eligible for exemption under the Income-tax Act; interest on these bonds is tax-exempt provided the bondholder registers his name and holding with the issuing corporation as a condition of entitlement.
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 granted, subject to bondholder registration to secure the tax-free interest benefit.
Central Government specifies 10 year 9% tax-free secured redeemable non-convertible railway bonds (Series III) as eligible for exemption under the Income-tax Act; interest on these bonds is tax-exempt provided the bondholder registers his name and holding with the issuing corporation as a condition of entitlement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.