The Central Government specified REC Infrastructure Bonds in the nature of debentures bearing distinctive numbers from Serial No. 0000001 to 2000000, of ₹ 5,000 each - 098/2002 - Income Tax

The Central Government specified REC Infrastructure Bonds in the nature of debentures bearing distinctive numbers from Serial No. 0000001 to 2000000, of ₹ 5,000 each Notification No. S.O. 459(E), dated 23rd April, 2002 . In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies REC Infrastructure Bonds in the nature of debentures bearing distinctive numbers 1 [ from serial number 0000001 to 0199999, of ₹ 5000 each carrying an interest at the rate of 9% per annum, serial number 0200000 to 0280000, of ₹ 5000 each carrying an interest at the rate of 8% per annum, and serial number 0280001 to 2000000, of ₹ 5000 each carrying an interest at the rate of 7.5% per annum, ] amounting to ₹ 1,000 crores only (₹ 500 crores with an option to retain over subscription of an additional amount of ₹ 500 crores only) to be raised in one or more branches, through public or private placement, issued by the Rural Electrification Corporation Limited, New Delhi, for the purpose of the said clause. Notification No. 98/2002/F.No. 178/61/2001-ITA.I] ******* Notes 1. Substituted vide Income Tax Notification No.152 /2004 dated 26-05-2004 before it was read as from Serial No. 0000001 to 2000000, of ₹ 5,000 each carrying an interest at the rate of 9% per annum,