<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Exemption from tax in certain cases of undisclosed income invested in National Defence Gold Bonds, 1980</title>
    <link>https://www.taxtmi.com/acts?id=51049</link>
    <description>Where undisclosed income has been used to acquire gold and that gold is tendered as subscription for National Defence Gold Bonds prior to detection or seizure, the income represented by that gold shall not be included in taxable income, and the corresponding asset value shall not be taken into account in computing net wealth for specified assessments and reassessments. Subscriber names and bond particulars are confidential and public servants are prohibited from disclosure except to officers engaged in specified tax, audit or administrative functions; &quot;gold&quot; and &quot;public servant&quot; are given inclusive definitions.</description>
    <language>en-us</language>
    <pubDate>Sat, 19 Apr 2025 12:54:30 +0530</pubDate>
    <lastBuildDate>Sat, 19 Apr 2025 12:54:30 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=815857" rel="self" type="application/rss+xml"/>
    <item>
      <title>Exemption from tax in certain cases of undisclosed income invested in National Defence Gold Bonds, 1980</title>
      <link>https://www.taxtmi.com/acts?id=51049</link>
      <description>Where undisclosed income has been used to acquire gold and that gold is tendered as subscription for National Defence Gold Bonds prior to detection or seizure, the income represented by that gold shall not be included in taxable income, and the corresponding asset value shall not be taken into account in computing net wealth for specified assessments and reassessments. Subscriber names and bond particulars are confidential and public servants are prohibited from disclosure except to officers engaged in specified tax, audit or administrative functions; &quot;gold&quot; and &quot;public servant&quot; are given inclusive definitions.</description>
      <category>Act-Rules</category>
      <law>F. Acts / Amendment Acts</law>
      <pubDate>Sat, 19 Apr 2025 12:54:30 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/acts?id=51049</guid>
    </item>
  </channel>
</rss>