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Notification: S. O. 504(E)
Section(s) Referred: s. 10(15)(iv)(h)
Statute: INCOME TAX
Date of Issue: 28/6/1999
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—
(a) the 7-years 8.70% (Tax-free) Bonds carrying 8.70% interest per annum payable half-yearly (XXXVI Series) (Tranche-I) bearing distinctive numbers from 700001 to 700200 of rupees fifty lakhs each, of the aggregate value of rupees one hundred crores only ;
(b) the 7-years 8% (Tax-free) Bonds carrying 8% interest per annum payable half-yearly (XXXVI Series) (Tranche-II) bearing distinctive numbers from 700201 to 700270 of rupees fifty lakhs each, of the aggregate value of rupees thirty-five crores only ; and
(c) the 7-years 8.90% (Tax-free) Bonds carrying 8.90% interest per annum payable half-yearly (XXXVI Series) (Tranche-III) bearing distinctive numbers from 700271 to 700450 of rupees fifty lakhs each, of the aggregate value of rupees ninety crores only ;
issued by the Rural Electrification Corporation Limited, New Delhi, 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/her name and the holding with the said Corporation.
[Notification No. 10973/F. No. 178/18/99-ITA-I]
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