Central Government specifies Urban Development Corporation Limited Bonds (Series XII-A) and Series XII-B) u/s 10(15)(iv)(h) - S. O. 562(E) - Income Tax

Central Government specifies Urban Development Corporation Limited Bonds (Series XII-A) and Series XII-B) u/s 10(15)(iv)(h) NOTIFICATION NO. S. O. 562 ( E ) DATED 8-7-1999 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 Tax-free Housing and Urban Development Corporation Limited Bonds (Series XII-A) bearing distinctive numbers from 57156 to 70155 of rupees one lakh each carrying an interest of 10 per cent. per annum payable half-yearly for a period of seven years of the aggregate value of rupees one hundred thirty crores only ; and ( b ) the Tax-free Housing and Urban Development Corporation Limited Bonds (Series XII-B) bearing distinctive numbers from 70156 to 73655 of rupees one lakh each carrying an interest of 10.25 per cent. per annum payable half-yearly for a period of ten years of the aggregate value of rupees thirty five crores only, issued by Housing and Urban Development 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. 10994/F. No. 178/17/99-ITA-I]