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<h1>Konkan Railway to Issue Rs. 218.86 Crore Tax-Free Bonds at 10.5% Interest Under Section 10(15)(iv)(h)</h1> The Central Government has authorized the issuance of tax-free bonds by Konkan Railway Corporation Limited, amounting to Rs. 218.86 crores, under Section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds, carrying an interest rate of 10.5%, are categorized into Series 1-A, 1-B, 1-C, and 1-D, with specific serial numbers. The tax-free benefit is available only if bondholders register their names and holdings with the corporation. This notification is formalized under Notification No. S.O.37(E), dated January 14, 1994.