Central Government has specified tax free bonds of the North Eastern Electric Power Corporation Limited, 1999-2000 (Series-V) of rupees one lakh each u/s 10 (15)(iv) of the Income-tax Act, 1961 - 091/2002 - Income Tax Act, 1961
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Tax exemption for specified bonds requires bondholders to register holdings with issuer to claim tax-free status. Central Government specifies certain fixed-denomination bonds of North Eastern Electric Power Corporation Limited (Series-V, 1999-2000) as tax-exempt under the Income-tax Act; the bonds carry a stated interest rate and fixed maturity and are issued with unique identifiers. The exemption is conditional: a holder must register his name and holdings with the issuer to be eligible for the tax benefit.
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.
Tax exemption for specified bonds requires bondholders to register holdings with issuer to claim tax-free status.
Central Government specifies certain fixed-denomination bonds of North Eastern Electric Power Corporation Limited (Series-V, 1999-2000) as tax-exempt under the Income-tax Act; the bonds carry a stated interest rate and fixed maturity and are issued with unique identifiers. The exemption is conditional: a holder must register his name and holdings with the issuer to be eligible for the tax benefit.
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