Central Government specifies Rural Electrification Corporation Limited, New Delhi u/s 10(15)(iv)(h) - S. O. 504(E) - Income Tax

Central Government specifies Rural Electrification Corporation Limited, New Delhi u/s 10(15)(iv)(h) NOTIFICATION NO. S. O. 504 ( E ) DATED 28-6-1999 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--- ( a ) the 7-years 8.70% (Tax-free) Bonds carrying 8.70% interest per annum payable half-yearly (XXXVI Series) (Tranche-I) bearing distinctive numbers from 700001 to 700200 of rupees fifty lakhs each, of the aggregate value of rupees one hundred crores only ; ( b ) the 7-years 8% (Tax-free) Bonds carrying 8% interest per annum payable half-yearly (XXXVI Series) (Tranche-II) bearing distinctive numbers from 700201 to 700270 of rupees fifty lakhs each, of the aggregate value of rupees thirty-five crores only ; and ( c ) the 7-years 8.90% (Tax-free) Bonds carrying 8.90% interest per annum payable half-yearly (XXXVI Series) (Tranche-III) bearing distinctive numbers from 700271 to 700450 of rupees fifty lakhs each, of the aggregate value of rupees ninety 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/her name and the holding with the said Corporation. [Notification No. 10973/F. No. 178/18/99-ITA-I]