Specified taxable secured redeemable bonds under section 80L require transferee notice to issuer within sixty days for tax benefit. Central Government specifies taxable secured redeemable non convertible bonds issued by the National Power Transmission Corporation Limited as eligible under clause (ii) of sub section (1) of section 80L of the Income tax Act, 1961; the tax benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of the transfer.