Central Government specifies 7-year 13 per cent. (taxable) Non-Cumulative Secured Redeemable 4th Series D(II), issued by the Nuclear Power Corporation of India Limited, Bombay u/s 193 (iib) - S.O.721(E) - Income Tax

Central Government specifies 7-year 13 per cent. (taxable) Non-Cumulative Secured Redeemable 4th Series D(II), issued by the Nuclear Power Corporation of India Limited, Bombay u/s 193 (iib) NOTIFICATION NO. S.O.721(E) DATE OF ISSUE: 24-10-1991 In exercise of the powers conferred by clause ( iib ) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7-year 13 per cent. (taxable) Non-Cumulative Secured Redeemable 4th Series D(II), issued by the Nuclear Power Corporation of India Limited, Bombay, for the purpose of the said clause Provided that the benefit under the said clause shall be admissible in the case of transfer of such bonds, by endorsement or delivery, only if the transferee informs the said Corporation by registered post within a period of sixty days of such transfer. [No. 8940/F.No. 328A/1/91-WT]