Central Government specifies 7-year 10.5 per cent Secured, Redeemable, Non-Convertible Bonds u/s 10(15)(iv)(h) - S.O. 69(E) - Income Tax

Central Government specifies 7-year 10.5 per cent Secured, Redeemable, Non-Convertible Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. S.O. 69 ( E ) DATED 20-1-1998 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 7-year 10.5 per cent Secured, Redeemable, Non-Convertible Bonds (Tax-free) (L-series) of Rs. 1,000 each for an amount of Rs. 51,00,00,000 (Rupees fifty-one crores only) bearing distinctive number from 121196501 to 121706500 issued by the National Hydroelectric Power Corporation Limited for the purpose of the said item: Provided that the benefit under the said item shall be admissible only if each holder of such bonds registers his/her name and the holding with the said corporation. [Notification No. 10517/F. No. 178/19/97-ITA-I]