Central Government specifies "10 year--9% (tax free) Secured Redeemable Non-Convertible Railway Bonds-(Second Issue)", issued by the Indian Railway Finance Corporation Limited u/s 10(15)(iv)(h) - S.O.1197(E) - Income Tax

Central Government specifies "10 year--9% (tax free) Secured Redeemable Non-Convertible Railway Bonds-(Second Issue)", issued by the Indian Railway Finance Corporation Limited u/s 10(15)(iv)(h) NOTIFICATION NO. S.O.1197(E) DATED 23-12-1988 In exercise of the powers conferred by item ( h ) of sub-clause ( iv ) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies " 10 year--9% (tax free) Secured Redeemable Non-Convertible Railway Bonds-(Second Issue) ", issued by the Indian Railway Finance Corporation Limited, for the purpose of the said item : Provided that the benefit under the said item shall be admissible only if the holder of such bonds registers his name and holding with the said Corporation. (Sd.) Nutan Sharma, Under Secretary to the Government of India. [F. No. 328/98/88-WT]