Issue of tax free bonds by India Infrastructure Finance Company Limited, carrying an interest rate of upto maximum 8 per cent annum - 09/2009 - Income Tax

Issue of tax free bonds by India Infrastructure Finance Company Limited, carrying an interest rate of upto maximum 8 per cent annum NOTIFICATION NO. 9/2009 Dated January 07, 2009 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 the issue of tax free bonds by India Infrastructure Finance Company Limited, carrying an interest rate of upto maximum 8 per cent annum, aggregating to an amount of ten thousand crore rupees only, to be issued by India Infrastructure Finance Company Limited, New Delhi during the financial year 2008-09, for the purpose the said section : Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his or her name and the holding with the said Corporation. (Padam Singh) Under Secretary to the Government of India