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Notification: 10994
Section(s) Referred: s. 10(15)(iv)
Statute: INCOME TAX
Date of Issue: 8/7/1999
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 tax-free Housing & Urban Development Corporation Limited Bonds (Series XII-A) bearing distinctive numbers from 57156 to 70155 of rupees one lakh each carrying an interest of 10% per annum payable half-yearly for a period of seven years of the aggregate value of rupees one hundred-thirty crores only; and
(b) the tax-free Housing & Urban Development Corporation Limited Bonds (Series XII-B) bearing distinctive numbers from 70156 to 73655 of rupees one lakh each carrying an interest of 10.25% per annum payable half-yearly for a period of ten years of the aggregate value of rupees thirty-five crores only,
issued by Housing & Urban Development 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.
[F.No. 178/17/99-ITA-I]
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