Section 10(15)(iv)(h) of the Income-tax Act, 1961 Exemption Interest on bonds/debentures Notified bonds or debentures of public sector companies - 16/2010 - Income Tax Act, 1961
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Exemption interest on public sector bonds: corrigendum lowers the previously stated lower interest rate, restating the allowable range. A corrigendum to a government notification concerning the exemption of interest on notified public sector bonds and debentures replaces the earlier stated lower bound of the interest-rate range with a reduced lower bound while retaining the existing upper bound, thereby restating the allowable interest-rate range applicable to the exemption.
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.
Exemption interest on public sector bonds: corrigendum lowers the previously stated lower interest rate, restating the allowable range.
A corrigendum to a government notification concerning the exemption of interest on notified public sector bonds and debentures replaces the earlier stated lower bound of the interest-rate range with a reduced lower bound while retaining the existing upper bound, thereby restating the allowable interest-rate range applicable to the exemption.
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