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of <h1>NTPC's 10-Year 9% Tax-Free Bonds Recognized Under Wealth-tax Act, Section 5 for Specific Tax Benefits</h1> The document is a notification regarding the issuance of '10-year 9% (tax-free) Secured Redeemable Non-Convertible NTPC Bonds (V Issue Private Placement)' by the National Thermal Power Corporation Limited, dated 21-07-1989. It specifies that these bonds are recognized under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957, allowing certain tax benefits. The benefits apply only if the transferee informs the corporation of the bond transfer by registered post within sixty days. The notification is issued by the Central Government and signed by an Under Secretary.
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