Central Government specifies '7-year 13% (taxable) Secured Redeemable Non-Convertible NLC Bonds (F-Series)', issued by the Neyveli Lignite Corporation Limited u/s 80L(1)(ii) - S.O.138(E) - Income Tax

Specified taxable secured redeemable NLC bonds require transferee notification by registered post to claim tax benefit on transfer.

Central Government specifies 7-year 13% taxable secured redeemable non-convertible NLC bonds (F Series), issued by Neyveli Lignite Corporation Limited, as qualifying instruments under clause (ii) of sub section (1) of section 80L of the Income tax Act. The tax benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of the transfer.