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of <h1>Tax-Free Status for 7-Year NHPC Bonds Under Section 10(15)(iv)(h) of Income-tax Act</h1> The Central Government has specified 7-year, 10.5% Secured, Redeemable, Non-Convertible Bonds as tax-free under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds, issued by the National Hydroelectric Power Corporation Limited, are valued at Rs. 1,000 each, totaling Rs. 51 crores. They bear distinctive numbers from 121196501 to 121706500. To receive tax benefits, bondholders must register their names and holdings with the corporation.
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