Central Government specifies 7-years 10.5% Tax-free (2004-VIIth Series) Secured Redeemable Bonds u/s 10(15)(iv)(h) - S. O. 152(E) - Income Tax

Central Government specifies 7-years 10.5% Tax-free (2004-VIIth Series) Secured Redeemable Bonds u/s 10(15)(iv)(h) NOTIFICATION NO. S. O. 152 ( E ) DATED 9-3-1999 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 7-years 10.5% Tax-free (2004-VIIth Series) Secured Redeemable Bonds of Rs. 20,000 each for an amount of Rs. 305 crores (rupees three hundred five crores only) bearing distinctive numbers from 1 to 152500 issued by the Power Finance Corporation Limited, for the purpose of the said item: Provided that the benefit under the said item shall be admissible only if the holder of such bonds registers his/her name and the holding with the said Corporation. [Notification No. 10822/F. No. 178/23/97-ITA-I]