Zero Coupon Bond - Specified bond notified u/s 2(48) of the Income-tax Act, 1961. - 19/2025 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 19/2025 New Delhi, the 11th March, 2025 (Income Tax) S.O. 1120(E). In exercise of the powers conferred by clause (48) of section 2 of the Income-tax Act, 1961 (43 of 1961) , read with clause (ii), clause (iii) and clause (v) of sub-rule (3) and sub-rule (6) of rule 8B of the Income-tax Rules, 1962, the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause (48) of section 2 of the said Act, namely:- (a) name of the bond - Ten Year Zero Coupon Bond of Power Finance Corporation Ltd. (b) period of life of the bond - Ten years one month (c) the time schedule of the issue of the bond - To be issued on or before the 31st day of March, 2027 (d) the amount to be paid on maturity or redemption of the bond - Rs.1,00,000/- for each bond (e) the discount - Rs. 49,546/- per bond (f) the number of bonds to be issued - Ten lakhs [F. No. 300164/1/2024-ITA-1] ASHWANI KUMAR, Under Secy.