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of <h1>Nuclear Power Corp's 9% Series-XIV Tax-Free Bonds from 1999-2000 Specified as Tax-Free Under Income-tax Act, 1961.</h1> The Central Government, under the powers conferred by the Income-tax Act, 1961, specifies the Nuclear Power Corporation of India Limited's Series-XIV Secured Redeemable, Non-cumulative Tax-free Bonds as tax-free. These bonds, issued during the financial year 1999-2000, carry an interest rate of 9% per annum, payable annually on October 1st, and are redeemable after 15 years with a put-call option available at various intervals. The bonds, each valued at one lakh rupees, total one hundred crores. Tax benefits apply only if bondholders register their names and holdings with the designated agency.
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