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of <h1>Central Government Approves Tax-Free HUDCO Shelter Bonds Under Section 10(15)(iv)(h) of Income-tax Act, 1961</h1> The Central Government has specified the '10-year 9% (tax-free) HUDCO's Public Sector Shelter Bonds (Series-III)' issued by the Housing and Urban Development Corporation under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds are tax-free, and the benefit is available only if the bondholder registers their name and holding with the Corporation. The notification was issued by the Under Secretary to the Government of India, under Notification No. S.O.694(E) dated September 5, 1989.
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