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of <h1>National Hydroelectric Power Corp's 10-Year, 9% Tax-Free Bonds Specified 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 Bonds (D Series)' issued by the National Hydroelectric Power Corporation Limited under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds are tax-free and redeemable, with a 9% interest rate over ten years. The tax exemption benefit is applicable only if the bondholder registers their name and holding with the National Hydroelectric Power Corporation Limited. This specification was issued under Notification No. S.O.663(E) dated August 23, 1989, by the Under Secretary to the Government of India.
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