Central Government specifies tax free bonds of the Housing and Urban Development Corporation Limited u/s 10(15)(iv)(h) - S. O. 594(E) - Income Tax

Central Government specifies tax free bonds of the Housing and Urban Development Corporation Limited u/s 10(15)(iv)(h) NOTIFICATION NO. S. O. 594 ( E ) DATED 23-7-1999 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 bonds of the Housing and Urban Development Corporation Limited (Series-VI) of Rs. 1,000 each carrying an interest of 10.5% per annum for a period of 7-years for an amount of rupees one hundred crores only bearing distinctive numbers from 98475001 to 99475000 issued during the year 1996-97 by the Housing and Urban Development Corporation Limited, New Delhi, for the purpose of the said section Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his/her name and the holding with the said Corporation. [Notification No. 11004/F. No. 78/39/99-ITA-I]