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of <h1>Indian Government Grants Wealth-Tax Benefits to 13% IPCL Bonds, Conditions Apply for Transferees Under Section 5(1)(xvie)</h1> The notification specifies the '7-Year-IPCL 13% Secured Redeemable Non-Convertible Bonds' issued by the Indian Petrochemicals Corporation Limited, under the Wealth-tax Act, 1957. The Central Government, exercising its powers, designates these bonds for specific benefits under clause (xvie) of sub-section (1) of section 5. The benefits are applicable only if the transferee informs the corporation of the transfer by registered post within sixty days. The notification is identified by number 0202(E) and dated 23-02-1988, with the file number 328/121/87-WT.
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