Central Government specifies 7-year 13 per cent. (taxable) Secured Redeemable Non-Convertible Bonds (Series I), issued by the Housing and Urban Development Corporation Limited u/s 193(iib) - S.O.614(E) - Income Tax Act, 1961
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Withholding provision for specified bonds requires transferee to notify the issuer by registered post within the prescribed period. The Central Government designates 7 year secured redeemable non convertible bonds (Series I) issued by the Housing and Urban Development Corporation Limited as specified securities under the proviso to section 193, making them subject to the withholding framework; the benefit is admissible on transfer by endorsement or delivery only if the transferee notifies the issuer by registered post within sixty days of 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.
Withholding provision for specified bonds requires transferee to notify the issuer by registered post within the prescribed period.
The Central Government designates 7 year secured redeemable non convertible bonds (Series I) issued by the Housing and Urban Development Corporation Limited as specified securities under the proviso to section 193, making them subject to the withholding framework; the benefit is admissible on transfer by endorsement or delivery only if the transferee notifies the issuer by registered post within sixty days of transfer.
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