The Central Government hereby specifies the "REC 54 EC Capital Gains Tax Exemption Bonds" issued by the Rural Electrification Corporation Limited u/s 193 (iib) of the Income Tax Act. 1961 - 359/2002 - Income Tax

The Central Government hereby specifies the "REC 54 EC Capital Gains Tax Exemption Bonds" issued by the Rural Electrification Corporation Limited u/s 193 (iib) of the Income Tax Act. 1961 NOTIFICATION NO. 359 Dated 2nd December. 2002 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 the "REC 54 EC Capital Gains Tax Exemption Bonds" issued by the Rural Electrification Corporation Limited, New Delhi for the purposes of the said clause: Provided that the benefit under the said proviso shall be admissible in the case of transfer of such bonds by endorsement or delivery, only if the transferee informs the Rural Electrification Corporation Limited by registered post within a period of sixty days of such transfer. Sd/- (K. Sasikanthan) Under Secretary F.No.275/94/2002-IT(E)