Central Government specifies tax-free (2009-E Series) non-convertible, unsecured and redeemable bonds u/s 10(15)(iv)(h) - 18 - Income Tax

Central Government specifies tax-free (2009-E Series) non-convertible, unsecured and redeemable bonds u/s 10(15)(iv)(h) NOTIFICATION NO. 18 DATED 18-1-2001 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 (2009-E Series) non-convertible, unsecured and redeemable bonds of rupees seventy-five crores each carrying an interest of 8.70% per annum payable yearly for a period of ten years for an amount of rupees thirty crores and fifty lakhs only bearing distinctive numbers from 00000001 to 00003050 and forty-four crores and fifty lakhs bearing distinctive number from 00003051 to 00007500 issued by the Power Corporation Limited during the financial year 1999-2000 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 or her name and the holding with the said Corporation. [F. No. 178/53/2000-ITA-I]