Central Government specifies the debentures in the nature of '14.25%, Unsecured Non-convertible Redeemable Subordinated Bonds (Series-II)' issued by the Dena Bank, Mumbai u/s 193(iib) - 11027 - Income Tax Act, 1961
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Specification of subordinated non convertible bonds links withholding proviso benefit to transferee notice to issuer by registered post within sixty days. The Central Government designates certain subordinated, unsecured, non-convertible redeemable bonds as qualifying for the proviso to the withholding provision of the Income-tax Act; transfers by endorsement or delivery attract the proviso's treatment only if the transferee notifies the issuing bank by registered post within sixty days of transfer.
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.
Specification of subordinated non convertible bonds links withholding proviso benefit to transferee notice to issuer by registered post within sixty days.
The Central Government designates certain subordinated, unsecured, non-convertible redeemable bonds as qualifying for the proviso to the withholding provision of the Income-tax Act; transfers by endorsement or delivery attract the proviso's treatment only if the transferee notifies the issuing bank by registered post within sixty days of transfer.
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