Central Government specifies 7-year 9.25 per cent. per annum (Tax-free) Rural Electrification Corporation Bonds u/s 10(15)(iv)(h) - S.O. 67(E) - Income Tax Act, 1961
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Tax-free bond specification requires registration of holder with issuer to secure tax exemption under the Income Tax Act. Central Government specifies 7-year, 9.25% per annum Rural Electrification Corporation Bonds (2004, XXXII Series) as tax-exempt under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, listing denominations, distinctive numbers and aggregate issuance; the tax benefit is admissible only if the holder registers his or her name and holding with the issuer corporation.
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Provisions expressly mentioned in the judgment/order text.
Tax-free bond specification requires registration of holder with issuer to secure tax exemption under the Income Tax Act.
Central Government specifies 7-year, 9.25% per annum Rural Electrification Corporation Bonds (2004, XXXII Series) as tax-exempt under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, listing denominations, distinctive numbers and aggregate issuance; the tax benefit is admissible only if the holder registers his or her name and holding with the issuer corporation.
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