Notification:
11180
Section(s) Referred:
s. 10(15)(iv)
Statute:
INCOME TAX
Date of Issue:
23/12/1999
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 tax free Bonds of the National Capital Region Planning Board (NCRPB), 2005
(Series-I, IB and IC) of rupees five lakh each carrying an interest of 10.5% per annum for
a period of seven years for an amount of rupees eighty-four crores fifty lakhs only
bearing distinctive numbers from 2839 to 4528 issued by the NCRPB, New Delhi for the
purpose of the said section :
Provided that the benefit under the said section shall be admissible only
if the holder of
such bonds registers his or her name and the holding with the NCRPB.
[F. No. 178/147/97-ITA-I]