Central Government specifies '10-year 9 per cent. (tax-free) Secured Redeemable Non-Convertible Railway Bonds V Series', issued by the Indian Railway Finance Corporation Limited u/s 10(15)(iv)(h) - S.O.93(E) - Income Tax Act, 1961
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Tax-exempt railway bonds: entitlement contingent on holder registering with issuer under the specified notification. Central Government specifies secured, redeemable, non-convertible railway bonds as tax-exempt for Income-tax Act purposes; the exemption is subject to the condition that the bondholder registers his name and holding with the issuer, making registration a precondition for enjoying the tax benefit.
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-exempt railway bonds: entitlement contingent on holder registering with issuer under the specified notification.
Central Government specifies secured, redeemable, non-convertible railway bonds as tax-exempt for Income-tax Act purposes; the exemption is subject to the condition that the bondholder registers his name and holding with the issuer, making registration a precondition for enjoying the tax benefit.
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