Zero Coupon Bond - Specified bond notified u/s 2(48) of the Income-tax Act, 1961 - 48/2025 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 48/2025 New Delhi, the 14th May, 2025 (INCOME TAX) S.O. 2137(E). In exercise of the powers conferred by clause (48) of section 2 of the Income-tax Act, 1961 (43 of 1961), read with clause (ii), clause (iii) and clause (v) of sub-rule (3) and sub-rule (6) of rule 8B of the Income-tax Rules, 1962, the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause (48) of section 2 of the said Act, namely :- (a) name of the bond - Ten Year Zero Coupon Bond of Indian Railway Finance Corporation Ltd. (b) period of life of the bond - Ten years (c) the time schedule of the issue - To be issued on or before the 31st day of March 2027 of the bond (d) the amount to be paid on maturity or redemption of the bond - Rs.10,000 crores (e) the discount - Rs. 4,916.51 crores (f) the number of bonds to be issued - Ten lakh [F. No. 300164/3/2024-ITA-1] MEENAKSHI SINGH, Dy. Secy.