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Notification: 10886
Section(s) Referred: s. 10(15)(iv)
Statute: INCOME TAX
Date of Issue: 4/5/1999
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 8.85% tax-free (2004-VIIIth Series) non-convertible secured redeemable bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (Rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by Power Finance 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/her name and the holding with the said Corporation.
[F.No. 178/3/98-ITA-I]
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