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of <h1>India Infrastructure Finance Co. authorized to issue tax-free bonds at 8% interest under Section 10(15)(iv)(h), Income-tax Act.</h1> India Infrastructure Finance Company Limited is authorized to issue tax-free bonds with an interest rate of up to 8% per annum, totaling ten thousand crore rupees, during the financial year 2008-09. This issuance is under the provisions of section 10(15)(iv)(h) of the Income-tax Act, 1961. The tax-free benefit is available only if bondholders register their names and holdings with the company.
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