Specified telephone bonds transfer condition: transferee must notify issuer by registered post within sixty days to secure tax benefit. Central Government specifies 7 year 13% taxable secured redeemable non convertible telephone bonds, 1991 (5th Issue), issued by Mahanagar Telephone Nigam Limited, New Delhi, under the proviso to section 193; the tax benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuer by registered post within sixty days of such transfer.
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Specified telephone bonds transfer condition: transferee must notify issuer by registered post within sixty days to secure tax benefit.
Central Government specifies 7 year 13% taxable secured redeemable non convertible telephone bonds, 1991 (5th Issue), issued by Mahanagar Telephone Nigam Limited, New Delhi, under the proviso to section 193; the tax benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuer by registered post within sixty days of such transfer.
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