Tax savings bonds worth Rs.4,500 Crores to be issued by the Rural Electrification Corporation Ltd - 143/2006 - Income Tax

Tax savings bonds worth Rs.4,500 Crores to be issued by the Rural Electrification Corporation Ltd Notification No. 143/2006, dated 29-6-2006 S.O. 964(E) .In exercise of the powers conferred by sub-clause ( ii ) of clause ( b ) of the Explanation to section 54EC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the bonds for an amount of Rupees four thousand five hundred crores (redeemable after three years) to be issued by the Rural Electrification Corporation Limited , a company formed and registered under the Companies Act, 1956 (1 of 1956), during the financial year 2006-07 as long-term specified asset for the purpose of the said section. [F. No. 142/09/2006-TPL]