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of <h1>Zero Coupon Bond by REC Ltd: Ten-Year Financial Instrument with Rs. 5,000 Crore Maturity Value Under Section 2(48)</h1> A government notification specifies a zero coupon bond issued by REC Ltd. with a ten-year six-month duration, to be issued by March 31, 2027. The bond's maturity value is Rs. 5,000 crores, with a discount of Rs. 2,200 crores, and involves five lakhs bonds. The specification is made under Section 2(48) of the Income-tax Act, 1961.
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