Central Government specifies 9.35% (Tax-free) REC Bonds u/s 10(15)(iv)(h) - S.O.814(E) - Income Tax

Central Government specifies 9.35% (Tax-free) REC Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. S.O.814 ( 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 9.35% (Tax-free) REC Bonds bearing distinctive numbers from 800001 to 800200 of Rs. 50,00,000 each aggregating to an amount of Rs. 100 crores only issued by the Rural Electrification Corporation Limited, New Delhi, 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 the holding with the said Corporation. [Notification No. 9872/F. No. 178/12/95-ITA-I]