Specified secured redeemable bonds require transferee to notify the issuer within a prescribed period for wealth-tax benefit. Specification under clause (xvie) of section 5(1) of the Wealth-tax Act designates 7-year 13% Secured Redeemable Non-convertible Bonds (A-series) of Hindustan Photo Films Manufacturing Company Limited for the purposes of that clause. The tax benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing company by registered post within sixty days of such transfer.
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 secured redeemable bonds require transferee to notify the issuer within a prescribed period for wealth-tax benefit.
Specification under clause (xvie) of section 5(1) of the Wealth-tax Act designates 7-year 13% Secured Redeemable Non-convertible Bonds (A-series) of Hindustan Photo Films Manufacturing Company Limited for the purposes of that clause. The tax benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing company by registered post within sixty days of such transfer.
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