Central Government specifies Tax-free Housing and Urban Development Corporation Limited Bonds u/s 10(15)(iv)(h) - S.O.643(E) - Income Tax

Central Government specifies Tax-free Housing and Urban Development Corporation Limited Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. S.O.643(E) DATED 5-7-2001 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 ( a ) Tax-free Housing and Urban Development Corporation Limited Bonds (Series XV-A) of rupees one lakh each bearing distinctive numbers from 00001-10000 for an amount of rupees one hundred crores only and carrying an interest of 7.99 per cent. per annum, payable half-yearly, for a period of seven years from the date of allotment; and ( b ) Tax-free Housing and Urban Development Corporation Limited Bonds (Series XV-B) of rupees one lakh each bearing distinctive numbers from 10001-15000 for an amount of rupees fifty crores only and carrying an interest of 8.25 per cent. per annum, payable half-yearly, for a period of ten years from the date of allotments issued by the Housing and Urban Development Corporation Limited, New Delhi, a corporation established by or under 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. [Notification No. 203-2001-F. No. 178-62-2000-ITA-I]