Central Government specifies 7-years 10.5% Tax-free (2004-VIIth Series) Secured Redeemable Bonds u/s 10(15)(iv)(h) - S. O. 152(E) - Income Tax Act, 1961
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Tax-free Bond Specification requires holder registration to obtain tax exemption on specified secured redeemable bonds. Specification designates a seven-year secured redeemable bond series issued by Power Finance Corporation Limited as eligible for tax exemption under the cited income-tax item, identifying the series by denomination and distinctive serial numbers; the exemption is conditional upon the holder registering their 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 Bond Specification requires holder registration to obtain tax exemption on specified secured redeemable bonds.
Specification designates a seven-year secured redeemable bond series issued by Power Finance Corporation Limited as eligible for tax exemption under the cited income-tax item, identifying the series by denomination and distinctive serial numbers; the exemption is conditional upon the holder registering their name and holding with the issuing corporation.
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