Central Government specifies Municipal Corporation to issue Tax free Municipal bonds for the financial year 2006-07 - 067/2007 - Income Tax

Central Government specifies Municipal Corporation to issue Tax free Municipal bonds for the financial year 2006-07 NOTIFICATION NO. 67/2007, DATED 8-3-2007 In exercise of the powers conferred by sub-clause ( vii ) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies Tax Free Municipal Bonds for an amount of rupees one hundred and fifty crores only, to be issued by Ahmedabad Municipal Corporation 1 [from the date of publication of notification upto 30th September, 2008] for the purpose of said sub-clause; Provided that the benefit under the said sub-clause shall be admissible only if the holder of such bonds registers his or her name a the holding with the said Corporation. [F. No. 178/25/2007-ITA-1] **************** Notes: 1. Substituted for "within six months time from the date of publication of the notification" by Notification no. 61/2008 dated 7-5-2008 , Earlier it was substituted for "during the financial year 2006-07" by Notification no. 180/2007, dated 28-5-2007