Sponsored
NOTIFICATION NO. 372/2006, DATED 15-12-2006
In exercise 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 Bank of Agriculture and Rural Development (NABARD);
|
|
(b) period of life of the bond
|
:
|
ten years;
|
|
(c) the time schedule of the
issue of the bond |
:
|
to be issued on or before the 31st day of March, 2009;
|
|
(d) the amount to be paid on maturity or redemption of the bond
|
:
|
twenty thousand rupees for each bond;
|
|
(e) the discount
|
:
|
to be decided by NABARD at the time of issue of the bond; and
|
|
(f) the number of bonds to be issued
|
:
|
one crore three lakhs and ten thousand.
|
2. This notification is subject to the fulfillment of conditions referred to in clause (ii), clause (iii) and clause (v) of sub-rule (3) and sub-rule (6) of rule 8B of the Income-tax Rules, 1962.
[F. No. 142/32/2006-TPL]
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
