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Zero Coupon Bond - Specified bond notified u/s 2(48) of the Income-tax Act, 1961 - 52/2025 - Income TaxExtract MINISTRY OF FINANCE (Department of Revenue) Central Board of Direct Taxes (Income Tax) NOTIFICATION NO. 52/2025 New Delhi, the 30th May, 2025 S.O. 2447(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 REC Ltd. (b) period of life of the bond - Ten years six months (c) the time schedule of the issue of the bond - To be issued on or before the 31st day of March 2027 (d) the amount to be paid on maturity or redemption of the bond - Rs. 5,000 crores (e) the discount - Rs. 2,200 crores (f) the number of bonds to be issued - Five lakhs [F. No. 300164/5/2024-ITA-1] MEENAKSHI SINGH, Dy. Secy.
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