TMI BlogSpecified Bond u/s 2(48)X X X X Extracts X X X X X X X X Extracts X X X X ..... rcise of the powers conferred by clause 48 of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the bond with the following particulars as zero coupon bond fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d on maturity or redemption of the bond - ten lakh rupees for each bond; (e) the discount - to be decided by PFC at the time of issue of the bond; and (e) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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