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Notification: S.O.832(E)
Section(s) Referred: 10 ,10(15) ,10(15)(iv)
Statute: INCOME TAX
Date of Issue: 21/11/1994
In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 10.5 per cent. (Tax-free) REC Bonds–2001 (XXVIth series) bearing distinctive numbers 600001 to 600060 face value of Rs. 6 lakhs at the rate of Rs. 10,000 each, 700001 to 700744 face value of Rs. 7.44 crores at the rate of Rs. 1 lakh each and 800001 to 800285 face value of Rs. 142.5 crores at the rate of Rs. 50 lakhs each, aggregating to an amount of rupees one hundred and fifty crores issued by the Rural Electrification Corporation Limited for the purpose of the said item :
Provided that the benefit under the said item shall be admissible only if the holder of such bonds registers his name and the holding with the said corporation.
[Notification No. 9642/F. No. 178/9/94-ITA-I
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