Notification No. : 359
Date of Issue : 2/12/2002
Section(s) Referred : s. 193
Notification No. 359 of 2002, dt. 2nd Dec., 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 54EC 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.
F.No.275/94/2002-(B)]
