Tax-free bonds specified under section 10(15)(iv)(h) confer income-tax exemption subject to holder registration and issuance conditions. Government specifies 7-year secured, redeemable, non-convertible bonds as falling within section 10(15)(iv)(h), identifying issuer, series, nominal value and distinctive numbers; interest from these bonds is tax-free under that item. The tax benefit is conditional on each holder registering his or her 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 under section 10(15)(iv)(h) confer income-tax exemption subject to holder registration and issuance conditions.
Government specifies 7-year secured, redeemable, non-convertible bonds as falling within section 10(15)(iv)(h), identifying issuer, series, nominal value and distinctive numbers; interest from these bonds is tax-free under that item. The tax benefit is conditional on each holder registering his or her name and holding with the issuing corporation.
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