Central Government has specified 8.5% HUDCO Gujarat Punarnirman Special tax free Bonds of series I -A, I-B and I-C u/s 10 (15)(iv) of the Income-tax Act, 1961 - 204/2002 - Income Tax

Central Government has specified 8.5% HUDCO Gujarat Punarnirman Special tax free Bonds of series I -A, I-B and I-C u/s 10 (15)(iv) of the Income-tax Act, 1961 NOTIFICATION NO. 204 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 8.5% HUDCO Gujarat Punarnirman Special tax free Bonds Series-IA of rupees five lakhs each. 8.75% HUDCO Gujarat Punarnirman Special tax free Bonds Series-IB of rupees five lakhs each and, 9.25% HUDCO Gujarat Punarnirman Special tax free Bonds Series-I-C of rupees five lakhs each issued by Housing and Urban Development Corporation Limited, New Delhi during 2001-2002 carrying an interest on 8.5%, 8.75% and 9,25% per annum for a period of 5, 7 and 10 years respectively for an amount of rupees 83-40 crores under series I-A, rupees 16.10 crores under series I-B and rupees 130.95 crores under series I-C with following details:- Series Amount Distinctive No. 1. I-A rupees eighty three crores and forty lakhs 0001-1668 2. I-B rupees sixteen crores and ten lakhs 1669-1990 3. I-C rupees one hundred thirty crores and ninety five lakhs. 1991-4609 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.N0.178/31/2002-ITA-I