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<h1>National Hydroelectric Power Corporation's 7-Year Bonds Gain Tax Benefits Under Section 193(iib) of Income-tax Act, 1961.</h1> The Central Government has specified the '7-year 13% (taxable) Secured Redeemable Non-convertible Bonds ('F' Series) (Private Placement)' issued by the National Hydroelectric Power Corporation Limited under section 193(iib) of the Income-tax Act, 1961. This notification, dated February 27, 1991, outlines that the tax benefits under this provision are applicable to these bonds. However, for the benefits to apply upon transfer, the transferee must inform the corporation by registered post within 60 days of the transfer.