Notification No. 07/2010 [F.No.178/126/2009-ITA.I], dated 3-2-2010

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 authorizes Indian Railway Finance Corporation (IRFC) to issue, during Financial Year 2009-10, tax free secured, redeemable, non-convertible Railway Bonds of Rs. 1,000 each in case of public issue and Rs. 1,00,000 each in other cases, aggregating to an amount of five thousand crore rupees only, carrying an interest rate in the range of 6.50% to 7.25% per annum, depending upon the size and tenor of a tranche:

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.

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Category : Income Tax (28363)
Type : Notifications (16079) Notifications/Circulars (32636)

3 responses to “Section 10(15)(iv)(h) of the Income-tax Act, 1961 – Exemption – Interest on bonds/debentures – Notified bonds or debentures of public sector companies”

  1. Dilip Parikh says:

    Please provide total list of such bonds issued by such authorized undertakings till date with full details of date of issuance; rate of interest; date of interest payment; date of redemption and also advise, in cases where such bonds are purchased from the recognized stock exchanges on payment of STT and its effect on rate of interest on such buyer being second holder of the bonds

  2. ravindra says:


    Do we get tax benefit on investment and returns also

    If yes upto what limit and percentage of benefit

    Please reply back

    Ravindra N Thorat


    Please let me know the maximum rebate limit u/s 10(15)(iv)(h) of income tax act 1961

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