Wealth tax specification for NTPC tax-free bonds; transfer benefit requires transferee's registered notice within sixty days. Specifies 10-year 9% tax-free secured redeemable non-convertible NTPC Bonds (V Issue Private Placement) as qualifying instruments under clause (xvie) of sub-section (1) of section 5 of the Wealth tax Act, 1957. The benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing 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 specification for NTPC tax-free bonds; transfer benefit requires transferee's registered notice within sixty days.
Specifies 10-year 9% tax-free secured redeemable non-convertible NTPC Bonds (V Issue Private Placement) as qualifying instruments under clause (xvie) of sub-section (1) of section 5 of the Wealth tax Act, 1957. The benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing Corporation by registered post within sixty days of such transfer.
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