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 193(iib) - S.O.409(E) - Income Tax Act, 1961
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Specified debt instruments: benefit applies to designated non cumulative secured redeemable bonds, subject to transferee's registered notice within prescribed period. The Central Government specifies certain 7 year taxable non cumulative secured redeemable bonds as specified debt instruments for purposes of the proviso to section 193; where these bonds are transferred by endorsement or delivery, the transferee must inform the issuing company by registered post within sixty days of transfer to avail the benefit under the proviso.
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 debt instruments: benefit applies to designated non cumulative secured redeemable bonds, subject to transferee's registered notice within prescribed period.
The Central Government specifies certain 7 year taxable non cumulative secured redeemable bonds as specified debt instruments for purposes of the proviso to section 193; where these bonds are transferred by endorsement or delivery, the transferee must inform the issuing company by registered post within sixty days of transfer to avail the benefit under the proviso.
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