Central Government specifies 10 Years--10.5 per cent. (payable half-yearly) Tax-free Secured Redeemable Bonds (XI Series Issue) an amount of rupees 100 crores of Rs. 1,000 each issued by the National Thermal Power Corporation Limited u/s 10(15)(iv)(h) - S.O.845(E) - Income Tax Act, 1961
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Tax-free secured bonds specified for NTPC; tax benefit conditional on holder registration with issuer and semiannual interest. Central Government specifies tax-free secured redeemable bonds (XI Series) issued by National Thermal Power Corporation Limited under section 10(15)(iv)(h), carrying semiannual interest and a ten-year tenor, identified by a defined serial number range; the tax exemption is admissible only if the bondholder registers his name and holding with the issuing corporation.
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Tax-free secured bonds specified for NTPC; tax benefit conditional on holder registration with issuer and semiannual interest.
Central Government specifies tax-free secured redeemable bonds (XI Series) issued by National Thermal Power Corporation Limited under section 10(15)(iv)(h), carrying semiannual interest and a ten-year tenor, identified by a defined serial number range; the tax exemption is admissible only if the bondholder registers his name and holding with the issuing corporation.
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