Tax exemption for HUDCO tax free bonds requires holder registration to qualify under the specified income tax provision. Under Section 10(15)(iv)(h) the Central Government specified HUDCO Tax Free Bonds issued during 2000-01 as exempt from income tax; bonds are of face value one lakh, bear a stated interest rate and ten year tenor, issued across Series XVII A, XVII B and XVII C with specified distinctive numbers. The exemption is admissible only if the holder registers his or her name and the holding with the issuing corporation.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for HUDCO tax free bonds requires holder registration to qualify under the specified income tax provision.
Under Section 10(15)(iv)(h) the Central Government specified HUDCO Tax Free Bonds issued during 2000-01 as exempt from income tax; bonds are of face value one lakh, bear a stated interest rate and ten year tenor, issued across Series XVII A, XVII B and XVII C with specified distinctive numbers. The exemption is admissible only if the holder registers his or her name and the holding with the issuing corporation.
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