Tax benefit specification for MTNL telephone bonds requires transferee to notify issuer by registered post within sixty days. Central Government specifies MTNL 7 years 17 percent (Taxable) Secured Redeemable Non Convertible Telephone Bonds, 1992 (6th Series) issued by Mahanagar Telephone Nigam Limited as eligible for the tax benefit under clause (ii) of sub section (1) of section 80L; transfer-related benefit is conditional on the transferee informing the issuer by registered post within sixty days of transfer, and the notification applies to assessment year 1992-93 and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Tax benefit specification for MTNL telephone bonds requires transferee to notify issuer by registered post within sixty days.
Central Government specifies MTNL 7 years 17 percent (Taxable) Secured Redeemable Non Convertible Telephone Bonds, 1992 (6th Series) issued by Mahanagar Telephone Nigam Limited as eligible for the tax benefit under clause (ii) of sub section (1) of section 80L; transfer-related benefit is conditional on the transferee informing the issuer by registered post within sixty days of transfer, and the notification applies to assessment year 1992-93 and subsequent years.
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