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of <h1>National Hydroelectric Power Corp Bonds Get Tax Benefits Under Section 80L(1)(ii); Transferees Must Notify Within 60 Days</h1> The Central Government has specified the '7-year 13% (taxable) Secured Redeemable Non-Convertible CIL Bonds ('F' Series) (Private Placement)' issued by the National Hydroelectric Power Corporation Limited under section 80L(1)(ii) of the Income-tax Act, 1961. These bonds are eligible for certain tax benefits. However, to avail these benefits upon transfer, the transferee must inform the corporation by registered post within sixty days of the transfer. This notification was issued under Notification No. S.O.141(E) on February 27, 1991.
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