Central Board of Direct Taxes specifies the various bonds and debentures as long-term specified securities u/s 54EA - S. O. 77(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) Central Board of Direct Taxes NOTIFICATION No. 10265 New Delhi, the 3rd February, 1997 (Income-tax) S. O. 77(E). -In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961) , the Central Board of Direct Taxes hereby specifies the following bonds and debentures for the purposes of the said section, namely:- 1. All bonds, redeemable after a period of three years of;- (i) the Industrial Development Bank of India, Mumbai; (ii) the Nuclear Power Corporation of India Limited, Mumbai; (iii) the National Highways Authority of India, New Delhi; (iv) the National Housing Bank, New Delhi; (v) the Power Finance Corporation, New Delhi; and (vi) the Tecil Chemicals and Hydro Power Limited, Mumbai. 2. Non-convertible debentures redeemable after a period of three years of the Ahmedabad Electricity Company Ltd., Ahmedabad. [F. No. 142/58/96-TPL] Dr. PROBODH SETH, Under Secy.