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of <h1>NABARD Tax-free Bonds-2004 (II Series) Eligible for Tax Exemption Under Section 10(15)(iv)(h) of Income-tax Act 1961</h1> The Central Government has specified the National Bank for Agriculture and Rural Development (NABARD) Tax-free Bonds-2004 (II Series) as eligible for tax exemption under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds offer an interest rate of 8.25% per annum, payable semi-annually, over a seven-year term. Each bond is valued at one lakh rupees, with a total issuance amount of one hundred crores, and is identified by distinctive numbers from TFB II 0001 to TFB II 10000. The tax exemption benefit is applicable only if bondholders register their names and holdings with NABARD.
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