Central Government, specifies tax-free (2010-III series) non-convertible, unsecured and redeemable bonds u/s 10(15)(iv)(h) - 229 - Income Tax

Central Government, specifies tax-free (2010-III series) non-convertible, unsecured and redeemable bonds u/s 10(15)(iv)(h) NOTIFICATION NO. 229 DATED 16-3-2001 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 (2010-III series) non-convertible, unsecured and redeemable bonds of rupees fifty crores carrying an interest of 8.20 per cent. per annum payable yearly for a period of ten years for an amount of rupees fifty crores only bearing distinctive numbers from 00000001 to 00005000 issued by the Power Finance Corporation Limited, during the financial year 2000-2001 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. 59/2001/F. No. 178/70/2000-ITA-I]