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of <h1>Central Government Specifies Tax-Free Status for 10-Year 9% PFC Bonds Under Section 10(15)(iv)(h) of Income-tax Act.</h1> The Central Government has specified the '10-year 9% (tax-free) Secured Redeemable Non-Convertible PFC Bonds-III Series' issued by Power Finance Corporation Limited under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds are tax-free and secured, with a 10-year maturity period. The tax benefits associated with these bonds are available only if the bondholder registers their name and holdings with the issuing corporation. This specification was formalized through Notification No. S.O.546(E) dated July 13, 1989, signed by the Under Secretary to the Government of India.
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