Section(s) Referred: s. 10(15)(iv)
Statute: INCOME TAX
Date of Issue: 28/5/1999
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 8.75% (Tax-free) HUDCO bonds (Series-VIII) of rupees one lakh each for an amount of rupees one hundred crores only bearing distinctive numbers from 20000001 to 20010000 issued by the Housing and Urban Development Corporation limited for the purpose of the said item :
Provided that the benefit under the said item shall be admissible only if each holder of such bonds registers his name and the holding with the said Corporation.