TMI BlogEXEMPTIONS - INTEREST ON BONDS/DEBENTURES - NOTIFIED BONDS OR DEBENTURES OF PUBLIC SECTOR COMPANIESX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 authorises the entities mentioned in column (2) of the table below, to issue, during the financial year 2011-12, tax free, secured, redeemable, non-convertible bonds of rupees 1,000 each in case of public issue and rupees 1,00,000 each in other case ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wer than the yield on Government Securities of equivalent residual maturity; ( d ) Commission on sale.- ( i ) in case of a public issue, the commission on sale shall be capped at a maximum of a flat fee of 1.25% of the issue size; ( ii ) in case of a private placement- ( a ) for bonds with a tenure of ten years, the commission on sale shall be capped at a maximum of a flat fee of 0.1% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Housing and Urban Development Corporation Ltd. ₹ 5,000 crores 4. Power Finance Corporation ₹ 5,000 crores [F.NO. 178/56/2011- (ITA-I)], ********* Notes 1. Substituted vide Notification No.6/2012 Dated 14-2-2012 before it was read as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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