Section(s) Referred: s. 10(15)(iv)
Statute: INCOME TAX
Date of Issue: 18/1/2001
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 (2009-II series) non-convertible, unsecured and redeemable bonds of rupees seventy five crores each carrying an interest of 8.70 per cent. per annum payable yearly for a period of ten years for an amount of thirty crores and fifty lakhs only bearing distinctive numbers from 00000001 to 00003050 and forty four crores and fifty lakhs bearing distinctive number from 00003051 to 00007500 issued by the Power Corporation Limited during the financial year 1999-2000 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 or her name and the holding with the said Corporation.
[Notification No. 18/2001/F.N. 178/53/2000-ITA-I]