Specified bonds under Wealth tax Act require transferee to notify issuer by registered post to claim the benefit. Specifies two types of secured redeemable non convertible bonds issued by Neyveli Lignite Corporation Limited as instruments within the scope of clause (xvie) of sub section (1) of section 5 of the Wealth tax Act, 1957: a seven year 13% B Series and a ten year 9% (tax free) B Series. The notification conditions the availability of the benefit under that clause on the transferee informing the Corporation by registered post within sixty days of transfer by endorsement or delivery.
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.
Specified bonds under Wealth tax Act require transferee to notify issuer by registered post to claim the benefit.
Specifies two types of secured redeemable non convertible bonds issued by Neyveli Lignite Corporation Limited as instruments within the scope of clause (xvie) of sub section (1) of section 5 of the Wealth tax Act, 1957: a seven year 13% B Series and a ten year 9% (tax free) B Series. The notification conditions the availability of the benefit under that clause on the transferee informing the Corporation by registered post within sixty days of transfer by endorsement or delivery.
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