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of <h1>Neyveli Lignite Bonds Get Wealth-Tax Exemption: Notify Within 60 Days for Transfer Benefits.</h1> The Central Government, under the Wealth-tax Act, 1957, specifies certain bonds issued by Neyveli Lignite Corporation Limited for tax benefits. These include '7-year 13% Secured Redeemable Non-Convertible Bonds (B Series)' and '10-year 9% Tax-Free Secured Redeemable Non-Convertible Bonds (B Series).' The tax benefit applies to bond transfers only if the transferee notifies the corporation within sixty days via registered post. This notification is documented under Notification Number 0265(E), dated March 16, 1988, and signed by the Under Secretary to the Government of India.
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