Section(s) Referred: 10 ,10(15) ,10(15)(iv)
Statute: INCOME TAX
Date of Issue: 18/1/1995
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 10.5% per annum, tax-free Secured Redeemable Non-cumulative Bonds (VIIth Series Issue) bearing distinctive numbers G-3800001 to G-4800000 aggregating to an amount of Rupees 100 crores (Rupees one hundred crores only) of Rs. 1,000 each issued by the Nuclear Power Corporation India Limited, New Delhi, 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/her name and the holding with the said Corporation.
[Notification No. 9689/F. No. 178/94/94-ITA-I