https://www.taxtmi.com/acts?id=50918 In section 5 the Act is amended to exempt specified bonds held by non-resident Indians (and their nominees, survivors, or gift recipients), to preserve that exemption if the acquirer later becomes resident, to require that exemption under subsection (1A) be applied first against the asset securing a debt and then against other assets, and to treat a partner's or member's interest as including a proportionate share of firm or association assets that are exempt so that assessment and exemption are applied on that proportionate basis. en-us Wed, 16 Apr 2025 18:14:30 +0530 Thu, 17 Apr 2025 13:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50918 In section 5 the Act is amended to exempt specified bonds held by non-resident Indians (and their nominees, survivors, or gift recipients), to preserve that exemption if the acquirer later becomes resident, to require that exemption under subsection (1A) be applied first against the asset securing a debt and then against other assets, and to treat a partner's or member's interest as including a proportionate share of firm or association assets that are exempt so that assessment and exemption are applied on that proportionate basis. Act-Rules F. Acts / Amendment Acts Wed, 16 Apr 2025 18:14:30 +0530 https://www.taxtmi.com/acts?id=50918