Central Government specifies the debentures in the nature of '13.75%, Unsecured Non-convertible Redeemable Subordinated Bonds (Series-III)' issued by the Dena Bank, Mumbai u/s 193(iib) - 11028 - Income Tax Act, 1961
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Specified debentures: transfer tax benefit requires transferee to notify issuer by registered post within a set period. Central Government designates certain subordinated bank bonds as specified debentures for the proviso to section 193, making transfers subject to that withholding/benefit regime. Availability of the proviso benefit for transfers by endorsement or delivery is conditional on the transferee informing the issuing bank by registered post within sixty days of the 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.
Specified debentures: transfer tax benefit requires transferee to notify issuer by registered post within a set period.
Central Government designates certain subordinated bank bonds as specified debentures for the proviso to section 193, making transfers subject to that withholding/benefit regime. Availability of the proviso benefit for transfers by endorsement or delivery is conditional on the transferee informing the issuing bank by registered post within sixty days of the transfer.
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