Transfer of specified bonds requires transferee to notify issuer within prescribed period to secure wealth-tax benefit entitlement. Central Government specifies 10-year 13 per cent. (taxable) Secured Redeemable Non-Convertible Bonds as specified bonds under the Wealth-tax Act, and makes admissibility of the benefit on transfer by endorsement or delivery conditional on the transferee informing the issuer 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.
Transfer of specified bonds requires transferee to notify issuer within prescribed period to secure wealth-tax benefit entitlement.
Central Government specifies 10-year 13 per cent. (taxable) Secured Redeemable Non-Convertible Bonds as specified bonds under the Wealth-tax Act, and makes admissibility of the benefit on transfer by endorsement or delivery conditional on the transferee informing the issuer by registered post within sixty days of such transfer.
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