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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Konkan Railway Bonds 8C Series Tax-Free Under Section 10(15)(iv)(h) of Income-tax Act; Registration Required for Exemption.</h1> The Central Government has issued a notification specifying that the 10.15% tax-free Konkan Railway Bonds (8C Series) are exempt under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds, numbered from 1 to 6000 and amounting to sixty crores rupees, are issued by Konkan Railway Corporation Limited. The tax exemption is applicable only if the bondholder registers their name and holding with the corporation.
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