Central Government specifies 7-years 9.5% NHB-Swarna Jayanti Rural Housing Finance Tax Free Bonds u/s 10(15)(iv)(h) - S. O. 49(E) - Income Tax

Central Government specifies 7-years 9.5% NHB-Swarna Jayanti Rural Housing Finance Tax Free Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. S. O. 49 ( E ) DATED 1-2-1999 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-years 9.5% NHB-Swarna Jayanti Rural Housing Finance Tax Free Bonds 1998-99 of Rs. 1,00,000 each for an amount of Rs. 100 crores (rupees one hundred crores only) bearing distinctive numbers from B/00001 to B/10000 issued by National Housing Bank 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/her name and the holding with the said bank. [Notification No. 10778/F. No. 178/73/98-ITA. I]