Wealth tax specification: specified secured redeemable non-convertible bonds eligible under clause subject to transferee notice within sixty days. The Central Government specifies 7-year 13% (taxable) Secured Redeemable Non-Convertible IPCL Bonds as eligible under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, subject to the condition that benefit on transfer is admissible only if the transferee informs 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 specification: specified secured redeemable non-convertible bonds eligible under clause subject to transferee notice within sixty days.
The Central Government specifies 7-year 13% (taxable) Secured Redeemable Non-Convertible IPCL Bonds as eligible under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, subject to the condition that benefit on transfer is admissible only if the transferee informs the Corporation by registered post within sixty days of such transfer.
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