Central Government has specified 8.4% Priority Sector (Tax-free) HUDCO Bonds of series XXI -A and XXI-B u/s 10 (15)(iv) of the Income-tax Act, 1961 - 205/2002 - Income Tax

Central Government has specified 8.4% Priority Sector (Tax-free) HUDCO Bonds of series XXI -A and XXI-B u/s 10 (15)(iv) of the Income-tax Act, 1961 NOTIFICATION NO. 205 Dated 12th August. 2002 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 8.4% Priority Sector (Tax-free) HUDCO Bonds Series-XXI-A of rupees one lakh each and 9% Priority Sector (Tax-free) HUDCO Bonds Series-XXI-B of rupees one lakh each issued by Housing and Urban Development Corporation Limited, New Delhi, carrying an interest on 8.4%, 9% per annum for a period of 5 and 10 years respectively from the date of allotment for an amount of rupees forty crores only, under series XXI-A and forty crores only under series XXI-B with following details:- Series Amount Distinctive No. 1. XXI-A rupees forty crores 01-4000 2. XXI-B rupees forty crores 4001-8000 Provided that the benefit under the said section 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 Govt. of India. F.N0.178/21/2002-ITA-I