Central Government specifies '7-year 13 per cent. (taxable) Secured Redeemable Non-Convertible NLC Bonds (D-series)', issued by the Neyveli Lignite Corporation Limited u/s 80L - S.O.773(E) - Income Tax Act, 1961
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Specified NLC bonds confer section 80L tax benefit, subject to transferee notifying the Corporation within sixty days. Central Government specifies 7-year 13 per cent. (taxable) Secured Redeemable Non-Convertible NLC Bonds (D-series) issued by Neyveli Lignite Corporation Limited as eligible for the tax benefit under clause (ii) of subsection (1) of the Income-tax Act, subject to a proviso that any transferee must inform the Corporation by registered post within sixty days of transfer for the benefit to be admissible.
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.
Specified NLC bonds confer section 80L tax benefit, subject to transferee notifying the Corporation within sixty days.
Central Government specifies 7-year 13 per cent. (taxable) Secured Redeemable Non-Convertible NLC Bonds (D-series) issued by Neyveli Lignite Corporation Limited as eligible for the tax benefit under clause (ii) of subsection (1) of the Income-tax Act, subject to a proviso that any transferee must inform the Corporation by registered post within sixty days of transfer for the benefit to be admissible.
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