Tax-free bonds under income-tax exemption: holders must register holdings to qualify for tax benefit on specified bonds. Specification designates NCRPB Bonds, 2006 (Series-I) as tax-free under clause (15)(iv)(h) of section 10, describing their denomination, interest entitlement and seven-year tenor, and confines issuance to a defined set of distinctive numbers for a stated aggregate amount. The exemption is conditional: the tax benefit is admissible only if the holder registers his or her name and the holding with the NCRPB.
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 under income-tax exemption: holders must register holdings to qualify for tax benefit on specified bonds.
Specification designates NCRPB Bonds, 2006 (Series-I) as tax-free under clause (15)(iv)(h) of section 10, describing their denomination, interest entitlement and seven-year tenor, and confines issuance to a defined set of distinctive numbers for a stated aggregate amount. The exemption is conditional: the tax benefit is admissible only if the holder registers his or her name and the holding with the NCRPB.
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