Central Government specifies the 10-year 9 per cent (tax free) Redeemable Non-Convertible HUDCO Bonds (Series-II), issued by the Housing and Urban Development Corporation u/s 10(15)(iv)(h) - S.O.238(E) - Income Tax Act, 1961
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Tax exemption for specified HUDCO bonds available only if bondholder registers holdings with the issuer. The Central Government designates a particular series of redeemable non convertible bonds issued by a housing finance corporation as eligible for an income tax exemption under the specified clause, subject to a mandatory condition that the bondholder register his name and holding with the issuer for the tax benefit to be admissible.
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 exemption for specified HUDCO bonds available only if bondholder registers holdings with the issuer.
The Central Government designates a particular series of redeemable non convertible bonds issued by a housing finance corporation as eligible for an income tax exemption under the specified clause, subject to a mandatory condition that the bondholder register his name and holding with the issuer for the tax benefit to be admissible.
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