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of <h1>Central Government Specifies Tax Benefits for NTPC Bonds Under Section 80L(1)(ii) of Income-tax Act, 1961</h1> The Central Government has specified the 7-year 17% taxable secured redeemable non-convertible bonds issued by the National Thermal Power Corporation Limited under section 80L(1)(ii) of the Income-tax Act, 1961. The notification, effective from the assessment year starting April 1, 1992, allows tax benefits for these bonds. However, the benefits apply only if the transferee informs the corporation of the transfer by registered post within 60 days. This specification was issued by the authority of the Central Government, signed by the Under Secretary to the Government of India.
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