Central Government specifies 5 years 13.5% secured redeemable non-convertible and taxable debentures in the nature of bonds Power Grid Bonds issued by the Power Grid Corporation of India Limited, New Delhi u/s 80L - 10977 - Income Tax

Central Government specifies 5 years 13.5% secured redeemable non-convertible and taxable debentures in the nature of bonds Power Grid Bonds issued by the Power Grid Corporation of India Limited, New Delhi u/s 80L NOTIFICATION NO. 10977 DATED 28-6-1999 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 5 years 13.5% secured redeemable non-convertible and taxable debentures in the nature of bonds Power Grid Bonds (VIIth-Issue) bearing distinctive numbers from G-0000001 to G-2000000 of Rs. 1000/- each, carrying an interest of 13.5 per annum, payable half-yearly aggregating to an amount of Rupees two hundred crores only issued by the Power Grid Corporation of India Limited, New Delhi for the purpose of the said clause. [F. No. 178/24/99-ITA-I]