Central Government specifies Tax-free (2008-Ist Series) Non-convertible, Unsecured and Redeemable Bonds u/s 10(15)(iv)(h) - S. O. 564(E) - Income Tax

Central Government specifies Tax-free (2008-Ist Series) Non-convertible, Unsecured and Redeemable Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. S. O. 564 ( 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 Tax-free (2008-Ist Series) Non-convertible, Unsecured and Redeemable Bonds of rupees one lakh each carrying an interest of 10.40% per annum payable half-yearly for a period of ten years for an amount of rupees one hundred fifty crores and fifty lakhs only bearing distinctive numbers from 00000001 to 00015050 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. 10996/F. No. 178/110/98-ITA-I]