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<h1>Central Government Recognizes NHB Capital Gains Bonds for Tax Benefits Under Section 193(iib) of Income-tax Act 1961</h1> The Central Government specifies the '7.15% NHB Capital Gains Bonds, 2002' issued by the National Housing Bank under section 193 (iib) of the Income-tax Act, 1961. These bonds are recognized for the purposes of this section, allowing certain tax benefits. However, for these benefits to apply in cases of bond transfer, the transferee must notify the National Housing Bank by registered post within sixty days of the transfer. This notification is issued under Notification No. 331 of 2002, dated October 28, 2002.