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<h1>Nuclear Power Corp Bonds Specified Under Wealth-tax Act: Tax Benefits Require Transfer Notification Within 60 Days</h1> The Central Government specifies bonds issued by the Nuclear Power Corporation of India Limited under the Wealth-tax Act, 1957. The bonds include '10-year 9% (Tax Free) Secured Redeemable Non-Convertible Bonds (Series I)' and '7-year 13% (Taxable) Secured Redeemable Non-Convertible Bonds (Series I).' The tax benefits associated with these bonds are applicable only if the transferee informs the corporation of the transfer by registered post within sixty days. This notification is issued under the authority of the Wealth-tax Act, 1957, and is signed by an Under Secretary to the Government of India.