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of <h1>Tax-Free Status for NCRPB Bonds Under Section 10(15)(iv)(h) of Income-tax Act, 1961</h1> The Central Government, under section 10(15)(iv)(h) of the Income-tax Act, 1961, specifies tax-free bonds issued by the National Capital Region Planning Board (NCRPB), Series-I, IB, and IC, for the year 2005. These bonds, valued at five lakh rupees each, offer an annual interest rate of 10.5% over seven years, totaling eighty-four crores fifty lakhs rupees. They bear distinctive numbers from 2839 to 4528. The tax-free benefit is available only if bondholders register their name and holdings with the NCRPB.
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