Specified tax-free bond status requires transferee notification to issuer within sixty days for transfer-related benefit. The Central Government specifies the '10-year-9% (tax-free) Secured Redeemable Non-Convertible NTPC Bonds-IV Issue (Private Placement)' as qualifying securities under the Wealth-tax Act, subject to the condition that transferees inform the issuing corporation by registered post within sixty days of transfer for the tax benefit to remain admissible.
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 tax-free bond status requires transferee notification to issuer within sixty days for transfer-related benefit.
The Central Government specifies the "10-year-9% (tax-free) Secured Redeemable Non-Convertible NTPC Bonds-IV Issue (Private Placement)" as qualifying securities under the Wealth-tax Act, subject to the condition that transferees inform the issuing corporation by registered post within sixty days of transfer for the tax benefit to remain admissible.
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