Zero coupon bond designation clarifies tax status for specified NABARD bond, setting issue schedule and maturity terms. The notification specifies a zero coupon bond issued by The National Bank for Agriculture and Rural Development, fixing its tenor at ten years eleven months thirteen days, requiring issuance on or before the stated March deadline in 2027, and recording the aggregate maturity amount, aggregate discount and total number of bonds, thereby operationalising the instrument's tax characterisation under the Income tax Act and relevant rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Zero coupon bond designation clarifies tax status for specified NABARD bond, setting issue schedule and maturity terms.
The notification specifies a zero coupon bond issued by The National Bank for Agriculture and Rural Development, fixing its tenor at ten years eleven months thirteen days, requiring issuance on or before the stated March deadline in 2027, and recording the aggregate maturity amount, aggregate discount and total number of bonds, thereby operationalising the instrument's tax characterisation under the Income tax Act and relevant rules.
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