Section(s) Referred: s. 10(15)(iv)
Statute: INCOME TAX
Date of Issue: 23/12/1999
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 tax free Bonds of the National Capital Region Planning Board (NCRPB), 2005 (Series-I, IB and IC) of rupees five lakh each carrying an interest of 10.5% per annum for a period of seven years for an amount of rupees eighty-four crores fifty lakhs only bearing distinctive numbers from 2839 to 4528 issued by the NCRPB, New Delhi for the purpose of the said section :
Provided that the benefit under the said section shall be admissible only if the holder of such bonds registers his or her name and the holding with the NCRPB.
[F. No. 178/147/97-ITA-I]