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of <h1>Tax Exemption on NHPC Bonds: Inform Transfer Within 60 Days for Wealth-tax Act Benefits</h1> Notification Number 0972(E), dated November 4, 1987, issued under the Wealth-tax Act, 1957, specifies certain public sector bonds for tax exemptions. The specified bonds include '10-year-9% Tax Free Secured Redeemable Non-convertible Bonds (B-series)' and '7-year-13% Secured Redeemable Non-convertible Bonds (B-series)' issued by the National Hydroelectric Power Corporation Ltd. The tax benefit is applicable only if the transferee informs the issuing company of the bond transfer by registered post within sixty days.
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