Central Government specifies 7-years 8.85% tax-free (2004-VIII Series) Non-convertible Secured Redeemable Bonds issued by the Power Finance Corporation Limited u/s 10(15)(iv)(h) - S. O. 298(E) - Income Tax

Central Government specifies 7-years 8.85% tax-free (2004-VIII Series) Non-convertible Secured Redeemable Bonds issued by the Power Finance Corporation Limited u/s 10(15)(iv)(h) NOTIFICATION NO. S. O. 298 ( E ) DATED 4-5-1999 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 8.85% tax-free (2004-VIII Series) Non-convertible Secured Redeemable Bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by the Power Finance Corporation Limited 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 Corporation. [Notification No. 10886/F. No. 178/3/98-ITA-I]