Central Government specifies 7-year 13% (taxable) Non-Cumulative Secured Redeemable Bonds (IV Series), issued by the Nuclear Power Corporation of India Limited, Bombay u/s 80L - S.O.408(E) - Income Tax Act, 1961
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Specified Bonds under section 80L qualify for tax benefit; transferee must notify issuer by registered post within prescribed period. Central Government specifies specified bonds issued by the Nuclear Power Corporation of India Limited, Bombay, as eligible for the tax benefit under the relevant clause; the benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing company by registered post within sixty days of such transfer.
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 Bonds under section 80L qualify for tax benefit; transferee must notify issuer by registered post within prescribed period.
Central Government specifies specified bonds issued by the Nuclear Power Corporation of India Limited, Bombay, as eligible for the tax benefit under the relevant clause; the benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing company by registered post within sixty days of such transfer.
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