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of <h1>Central Government Specifies HUDCO's 7-Year 13% Shelter Bonds for Tax Benefits Under Section 80L, with Transfer Conditions</h1> The Central Government has specified the '7-year 13% (taxable) HUDCO's Public Sector Shelter Bonds (Series-III)' issued by the Housing and Urban Development Corporation under section 80L of the Income-tax Act, 1961. The notification states that the benefit under this clause is applicable only if the transferee informs the Corporation of the bond transfer by registered post within sixty days. This specification is formalized in Notification No. S.O.695(E), dated September 5, 1989, and signed by the Under Secretary to the Government of India.
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