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Notification: S. O. 151(E)
Section(s) Referred: s. 10(15)(iv)
Statute: INCOME TAX
Date of Issue: 9/3/1999
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 7-years 8.75% per annum (Tax-free) Rural Electrification Corporation Bonds-2004 (XXXIII Series) bearing distinctive numbers :
(i) from 500001 to 500550 of Rs. 1,00,000 each for an amount of Rs. 5,50,00,000 (rupees five crores fifty lakhs only) ; and
(ii) from 600001 to 600389 of Rs. 50,00,000 each for an amount of Rs. 194,50,00,000 (rupees one hundred ninety four crores and fifty lakhs only):
Aggregating to an amount of rupees two hundred crores only issued by Rural Electrification Corporation Limited for the purposes of the said item:
Provided that the benefit under the said item shall be admissible only if the holder of such bonds registers his/her name and the holding with the said Corporation.
[Notification No. 10823/F. No. 178/4/98-ITA-I]
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