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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax-Free Bonds by HUDCO Specified Under Section 10(15)(iv)(h) of Income-Tax Act: Eligibility Requires Registration with Corporation</h1> The Central Government specifies certain tax-free bonds issued by Housing and Urban Development Corporation Limited under section 10(15)(iv)(h) of the Income-tax Act, 1961. These include Series XII-A bonds, numbered 57156 to 70155, with a 10% annual interest for seven years and a total value of 130 crores, and Series XII-B bonds, numbered 70156 to 73655, with a 10.25% annual interest for ten years and a total value of 35 crores. The tax exemption applies only if bondholders register their names and holdings with the corporation.
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