Specifies the following bonds, issued by the Housing and Urban Development Corporation - 0697(E) - Wealth Tax

Specifies the following bonds, issued by the Housing and Urban Development Corporation Notification Number: 0697(E) Dated 5-09-1989 In exercise of the powers conferred by clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957 (27 of 1957), the Central Government hereby specifies the following bonds, issued by the Housing and Urban Development Corporation, for the purpose of the said clause, namely:- (i) "10-year 9% (tax-free) HUDCO's Public Sector Shelter Bonds (Series-III)"; (ii) "7-year 13% (taxable) HUDCO's Public Sector Shelter Bonds (Series-III)": 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. ( Sd. ) Nutan Sharma, Under Secretary to the Government of India . File Number: 328/63/89-WT