MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 79/2017
New Delhi, the 8th August, 2017
INCOME-TAX
Tax savings bonds issued by the Indian Railway Finance Corporation Limited
S.O. 2529(E). – In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that any bond redeemable after three years and issued by the Indian Railway Finance Corporation Limited, a company formed and registered under the Companies Act, 1956 (1 of 1956), on or after the date of publication of this notification in the Official Gazette, as ‘long-term specified asset’ for the purposes of the said section.
[F. No. 370142/18/2017-TPL]
PRAVIN RAWAL, Director (Tax Policy and Legislation)
