Specifies under section 10(15) (iv) the Non-Convertible Priority Sector Tax Free Bonds-2011 (53rd Series) - 199/2004 - Income Tax

Specifies under section 10(15) (iv) the Non-Convertible Priority Sector Tax Free Bonds-2011 (53rd Series) Notification No: 199 dated 16-Jul-04- 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 " Secured Non-Convertible Priority Sector Tax Free Bonds-2011 (53rd Series) " of rupees fifty crores having a face value of rupees ten lakhs each and carrying a coupon range of 6.75% - 7.15% per annum for a period of ten years, bearing distinctive numbers from 800001 to 800500, issued by M/s Rural Electrification Corporatrion Limited (REC Ltd.) during the financial year 2000-01, 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. Sd/- (I.P.S. Bindra) Under Secretary to the Govt. of India F.No.178/6/2003-ITA-I