Debentures issued before the date of publication of this notification , and the debentures to be issued after such date, by the Transport and Engineering Corporations of Tamil Nadu specified in the Table , as a part of the Workers Participation Scheme of the Government of Tamil Nadu

Debentures issued before the date of publication of this notification , and the debentures to be issued after such date, by the Transport and Engineering Corporations of Tamil Nadu specified in the Table , as a part of the Workers Participation Scheme of the Government of Tamil Nadu https://www.taxtmi.com/notifications?id=9001 Central Government specifies debentures of the listed Tamil Nadu Transport and Engineering Corporations as part of the Workers Participation Scheme, subject to conditions: no government guarantee for principal or interest; issuance only to individuals (including joint holders); non-transferability except to such individuals; interest capped at twelve percent per annum; and per-employee aggregate interest income per year not exceeding five hundred rupees. The notification excludes cases where debenture income plus salary exceeds the minimum taxable limit. en-us Mon, 05 Mar 1979 00:00:00 +0530 Thu, 21 Aug 2008 11:59:00 +0530 TaxTMI RSS Generator Debentures issued before the date of publication of this notification , and the debentures to be issued after such date, by the Transport and Engineering Corporations of Tamil Nadu specified in the Table , as a part of the Workers Participation Scheme of the Government of Tamil Nadu https://www.taxtmi.com/notifications?id=9001 Central Government specifies debentures of the listed Tamil Nadu Transport and Engineering Corporations as part of the Workers Participation Scheme, subject to conditions: no government guarantee for principal or interest; issuance only to individuals (including joint holders); non-transferability except to such individuals; interest capped at twelve percent per annum; and per-employee aggregate interest income per year not exceeding five hundred rupees. The notification excludes cases where debenture income plus salary exceeds the minimum taxable limit. Notifications Income Tax Mon, 05 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/notifications?id=9001