Section(s) Referred: 10 ,10(15) ,10(15)(iv)
Statute: INCOME TAX
Date of Issue: 14/6/1995
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 9.25 per cent. per annum tax-free Secured Redeemable Non-Convertible Bonds (J-series) bearing distinctive numbers 100000001 to 101000000 aggregating an amount of Rs. 100 crores (Rupees one hundred crores only) of Rs. 1000 each, issued by the National Hydroelectric Power 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 registered his/her name and the holding with the said Corporation.
[Notification No. 9787/F. No. 178/3/95-ITA-I