CBDT notifiesPower Finance Corporation Limited for issue ofCapital Gains Bond

CBDT notifiesPower Finance Corporation Limited for issue ofCapital Gains Bond [Section54EC of Income Tax Act 1961]   MINSTRY OF FINANCE

CA Deepak Gupta

Jun 26, 2018

Last update on Jun 26, 2018

CBDT notifiesPower Finance Corporation Limited for issue ofCapital Gains Bond [Section54EC of Income Tax Act 1961]

MINSTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th June, 2018 No. 27/2018 (INCOME-TAX)

S.O. 2938(E).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 Power Finance Corporation Limited 54EC Capital Gains Bond issued by Power Finance Corporation Limited for the purpose 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 Power Finance Corporation Limited by registered post within a period of sixty days of such transfer.

[Notification No. 27/2018/F. No. 275/27/2017-IT(B)]

SANDEEP SINGH, Under Secy.

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