Tax-free bonds under section 10(15)(iv)(h) specified; holder registration with issuing railway corporation required for tax benefit. Central Government specifies tax-free bonds under clause (15)(iv)(h) of section 10 of the Income-tax Act by identifying designated series of railway bonds with distinctive numbers; the tax exemption applies only where the holder registers his name and holding with the issuing corporation, thereby conditioning entitlement on registration compliance.
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 under section 10(15)(iv)(h) specified; holder registration with issuing railway corporation required for tax benefit.
Central Government specifies tax-free bonds under clause (15)(iv)(h) of section 10 of the Income-tax Act by identifying designated series of railway bonds with distinctive numbers; the tax exemption applies only where the holder registers his name and holding with the issuing corporation, thereby conditioning entitlement on registration compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
