Central Government specifies 10.5% per annum Tax-free Secured Redeemable Non-convertible Bonds u/s 10(15)(iv)(h) - 816(E) - Income Tax

Central Government specifies 10.5% per annum Tax-free Secured Redeemable Non-convertible Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. 816 ( E ) DATED 26-9-1995 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 10.5% per annum Tax-free Secured Redeemable Non-convertible Bonds bearing distinctive numbers from 0000001 to 0200000, 0430001 to 0435000, B-0000001 to B-0190000 and B-0268001 to B-0368000 of Rs. 1,000 each for an amount of rupees forty nine crores and fifty lakhs only issued by the North Eastern Electric Power Corporation Limited, Shillong, 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 registeres his name and the holding with the said Corporation. [Notification No. 9874/F. No. 178/7/94-ITA-I]