Central Government specifies tax free bonds of the National Housing Bank-Swarna Jayanti Rural Housing Finance u/s 10(15)(iv)(h) - S. O. 595(E) - Income Tax

Central Government specifies tax free bonds of the National Housing Bank-Swarna Jayanti Rural Housing Finance u/s 10(15)(iv)(h) NOTIFICATION NO. S. O. 595 ( 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 National Housing Bank-Swarna Jayanti Rural Housing Finance, 1998-99 (Second Series) of Rs. 1,00,000 each carrying an interest of 9,15% per annum for a period of 7-years for an amount of rupees one hundred crores only bearing distinctive numbers from B-1/00001 to B-/10000 issued during the year 1998-99 by National Housing Bank 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 bank. [Notification No. 11005/F. No. 178/46/99-ITA-I]