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of <h1>Tax-Free Bonds by Indian Renewable Energy Development Agency Exempt Under Section 10(15)(iv)(h) of Income-tax Act.</h1> The Central Government specifies that tax-free bonds issued by the Indian Renewable Energy Development Agency Limited, Series-VI from 1998-99, are exempt under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds amount to ninety crores, carry an interest rate of 10.5% per annum, and have a tenure of seven years. They are identified by distinctive numbers from 0000001 to 900000. The tax exemption benefit is applicable only if the bondholder registers their name and holdings with the agency.
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