Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Zero coupon bond notification rules require advance application, investment grade rating, stock exchange listing, and staged use of proceeds. Applications for notification of a proposed zero coupon bond must be made in Form No. 5B by an eligible infrastructure capital company, infrastructure capital fund, infrastructure debt fund, or public sector company at least three months before the proposed issue date, with supporting incorporation or constituting documents. The Central Government must be satisfied about the bond's life, investment grade rating, stock exchange listing arrangements, and prescribed undertakings for investment or utilisation of proceeds, and may notify, reject, or withdraw notification depending on compliance. Accountants' certificates in Form No. 5BA must be filed electronically after each relevant financial year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Zero coupon bond notification rules require advance application, investment grade rating, stock exchange listing, and staged use of proceeds.
Applications for notification of a proposed zero coupon bond must be made in Form No. 5B by an eligible infrastructure capital company, infrastructure capital fund, infrastructure debt fund, or public sector company at least three months before the proposed issue date, with supporting incorporation or constituting documents. The Central Government must be satisfied about the bond's life, investment grade rating, stock exchange listing arrangements, and prescribed undertakings for investment or utilisation of proceeds, and may notify, reject, or withdraw notification depending on compliance. Accountants' certificates in Form No. 5BA must be filed electronically after each relevant financial year.
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