Notification: S. O. 508(E)
Section(s) Referred: s. 80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 28/6/1999
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 5-years 13.5% Secured Redeemable Non-convertible and Taxable Debentures in the nature of bonds Power Grid Bonds (VIIth Issue) bearing distinctive numbers from G-0000001 to G-2000000 of Rs. 1,000 each, carrying an interest of 13.5% per annum, payable half-yearly aggregating to an amount of rupees two hundred crores only issued by the Power Grid Corporation of India Limited, New Delhi, for the purpose of the said clause.
[Notification No. 10977/F. No. 178/24/99-ITA-I]