Section(s) Referred: 10 ,10(15) ,10(15)(iv)
Statute: INCOME TAX
Date of Issue: 11/9/1987
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 ” 10% Secured Redeemable Non-convertible Bonds of Rs. 1,000 each ” issued by the Indian Railway 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 name and the holding with the said Corporation.
[No. 7520 (F. No. 178/53/87-IT(A-1))