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    <title>Section 10(15)(vii) of the Income-tax Act, 1961 specifies the Tax Free Municipal Bonds issued by Metropolitan Water Supply &amp; Sewerage Board, Chennai</title>
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    <description>Specification of Tax Free Municipal Bonds authorises a designated municipal entity to issue bonds during the stated financial year and fixes the aggregate amount authorised for issuance. The notification identifies the bonds as qualifying for exemption under sub-clause (vii) of clause (15) of Section 10 of the Income-tax Act, 1961. The tax-exemption benefit for holders is subject to a procedural eligibility condition: the exemption applies only if the holder registers his or her name and the holding with the issuing corporation.</description>
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      <description>Specification of Tax Free Municipal Bonds authorises a designated municipal entity to issue bonds during the stated financial year and fixes the aggregate amount authorised for issuance. The notification identifies the bonds as qualifying for exemption under sub-clause (vii) of clause (15) of Section 10 of the Income-tax Act, 1961. The tax-exemption benefit for holders is subject to a procedural eligibility condition: the exemption applies only if the holder registers his or her name and the holding with the issuing corporation.</description>
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