Ten years zero coupon bond of National Housing Bank has been specified for the purpose of section 2(48) of I.T.A 1961

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..... ercise 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 for the purposes of the said clause, namely:- (a) name of the bond - ten years zero coupon bond of National Housing Bank (NHB); ten years; (b) period of life of the bond .....

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