Tax-free bonds specified: secured redeemable non-convertible bonds issued with tax exemption subject to holder registration. Central Government specifies 10.5% per annum Tax-free Secured Redeemable Non-convertible Bonds under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961, authorising a tax exemption for interest on such secured, redeemable, non-convertible bonds. The notification identifies distinctive serial ranges, sets the face value at one thousand rupees each and conditions the exemption on the holder registering name and holding with the issuing corporation.
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-free bonds specified: secured redeemable non-convertible bonds issued with tax exemption subject to holder registration.
Central Government specifies 10.5% per annum Tax-free Secured Redeemable Non-convertible Bonds under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961, authorising a tax exemption for interest on such secured, redeemable, non-convertible bonds. The notification identifies distinctive serial ranges, sets the face value at one thousand rupees each and conditions the exemption on the holder registering name and holding with the issuing corporation.
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