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<h1>Central Government Defines Redemption Value Difference for Zero Coupon Bonds Under Section 193(iiia) of Income-tax Act, 1961.</h1> The Central Government, under the powers of section 193(iiia) of the Income-tax Act, 1961, specifies the difference payable between the redemption value and the bid price of Zero Coupon Bonds issued by the Government of India. This applies to bonds sold under the 2000 scheme by auction, as per the Ministry of Finance's notification from September 25, 1996. The specified entities eligible to hold these bonds include banking companies, co-operative banks, public financial institutions, the Discount and Finance House of India Limited, and the Securities Trading Corporation of India Limited.