Central Government, specifies tax-free (Series-VIII 2007) non-convertible, unsecured and redeemable bonds u/s 10(15)(iv)(h) - 230(E) - Income Tax

Central Government, specifies tax-free (Series-VIII 2007) non-convertible, unsecured and redeemable bonds u/s 10(15)(iv)(h) NOTIFICATION NO. 230(E) 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 (Series-VIII 2007) non-convertible, unsecured and redeemable bonds of rupees fifty crores each carrying an interest of 8.85 per cent. per annum payable half yearly for a period of seven years, bearing distinctive numbers from 0000001 to 500000 issued by the Indian Renewable Energy Development Agency 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 or her name and the holding with the said Agency. [Notification No. 60/2001/F. No. 178/74/2000-ITA-I]