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The Central Government specified the “Power Finance Corporation Limited 54EC Capital Gains Bond” issued by Power Finance Corporation Limited u/s 193 (iib) - 27/2018 - Income Tax Act, 1961
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Specification of capital gains bond benefits requires transferee to notify issuer within prescribed period to claim exemption. The Central Government specifies the Power Finance Corporation Limited 54EC Capital Gains Bond as eligible under the proviso to the Income tax Act, and conditions the availability of the benefit on the transferee informing Power Finance Corporation Limited by registered post within a prescribed period after transfer by endorsement or delivery.
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.
Specification of capital gains bond benefits requires transferee to notify issuer within prescribed period to claim exemption.
The Central Government specifies the Power Finance Corporation Limited 54EC Capital Gains Bond as eligible under the proviso to the Income tax Act, and conditions the availability of the benefit on the transferee informing Power Finance Corporation Limited by registered post within a prescribed period after transfer by endorsement or delivery.
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