Wealth tax bond specification: NHPC bond transfers require transferee registered notice within sixty days for benefit entitlement. Specification under clause (xvie) of sub section (1) of section 5 of the Wealth tax Act, 1957 designates two series of bonds issued by the National Hydroelectric Power Corporation Limited as eligible under that provision - 10 year 9 per cent tax free secured redeemable non convertible Bonds (C Series) and 7 year 13 per cent taxable secured redeemable non convertible Bonds (C Series) - and conditions admissibility on transfer upon the transferee informing the Corporation 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.
Wealth tax bond specification: NHPC bond transfers require transferee registered notice within sixty days for benefit entitlement.
Specification under clause (xvie) of sub section (1) of section 5 of the Wealth tax Act, 1957 designates two series of bonds issued by the National Hydroelectric Power Corporation Limited as eligible under that provision - 10 year 9 per cent tax free secured redeemable non convertible Bonds (C Series) and 7 year 13 per cent taxable secured redeemable non convertible Bonds (C Series) - and conditions admissibility on transfer upon the transferee informing the Corporation by registered post within sixty days of such transfer.
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