Section(s) Referred: 10 ,10(15) ,10(15)(iv)
Statute: INCOME TAX
Date of Issue: 14/9/1989
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 “15-year 9 per cent. (tax-free) SCICI Bonds (Series 2)”, issued by the Shipping Credit and Investment Company of India 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 holding with the said Company.
[No. 8453/F. No. 328/40/89-WT