Tax-Free REC Bonds Specified Under Section 10(15)(iv)(h) of Income-tax Act 1961; Registration Required for Benefits

The Central Government has specified the "10 year--9% (tax free) Secured Redeemable Non-Convertible REC Bonds" issued by the Rural Electrification Corporation Limited under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds are tax-free, and the benefit is available only if the bondholder registers their name and holding with the Corporation. This specification is outlined in Notification No. S.O.72(E) dated January 12, 1989, signed by the Under Secretary to the Government of India.

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