Central Government specifies the 10-year 9 per cent. (Tax-free) Secured Redeemable Non-Convertible Railway Bonds (Sixth 'B' Series) of Rs. 1,000 each, issued by the Indian Railway Finance Corporation Limited, New Delhi u/s 10(15)(iv)(h) - S.O.57(E) - Income Tax Act, 1961
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Tax-free bond exemption applies to specified secured redeemable non-convertible railway bonds, subject to holder registration. The Central Government specifies secured redeemable non-convertible railway bonds issued by the Indian Railway Finance Corporation Limited as eligible for tax-free treatment under the Income-tax provision, and conditions that the exemption is admissible only if the holder registers his name and holding with the issuing Corporation.
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.
Tax-free bond exemption applies to specified secured redeemable non-convertible railway bonds, subject to holder registration.
The Central Government specifies secured redeemable non-convertible railway bonds issued by the Indian Railway Finance Corporation Limited as eligible for tax-free treatment under the Income-tax provision, and conditions that the exemption is admissible only if the holder registers his name and holding with the issuing Corporation.
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