Tax savings bonds issued by the Indian Railway Finance Corporation Limited - 79/2017 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 79/2017 New Delhi, the 8th August, 2017 INCOME-TAX S.O. 2529(E).- In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any bond redeemable after three years and issued by the Indian Railway Finance Corporation Limited, a company formed and registered under the Companies Act, 1956 (1 of 1956), on or after the date of publication of this notification in the Official Gazette, as long-term specified asset for the purposes of the said section. [F. No. 370142/18/2017-TPL] PRAVIN RAWAL, Director (Tax Policy and Legislation)