Notification: S.O.643(E)
Section(s) Referred: s. 10(15)(iv)
Statute: INCOME TAX
Date of Issue: 5/7/2001
Notification No. S.0. 643(E), dated 5th July, 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
(a) Tax-free Housing and Urban Development Corporation Limited Bonds (Series XV-A) of rupees one lakh each bearing distinctive numbers from 00001-10000 for an amount of rupees one hundred crores only and carrying an interest of 7.99 per cent. per annum, payable half-yearly, for a period of seven years from the date of allotment; and
(b) Tax-free Housing and Urban Development Corporation Limited Bonds (Series XV-B) of rupees one lakh each bearing distinctive numbers from 10001-15000 for an amount of rupees fifty crores only and carrying an interest of 8.25 per cent. per annum, payable half-yearly, for a period of ten years from the date of allotments issued by the Housing and Urban Development Corporation Limited, New Delhi, a corporation established by or under 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. 203/2001/F. No. 178/62/2000-ITA-I]
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