Zero coupon bond specification recognises an infrastructure financing bond, subject to statutory and rules-based compliance conditions. The Ten Year Zero Coupon Bond of the National Bank for Financing Infrastructure and Development is specified as a zero coupon bond for purposes of the Income-tax Act, 2025. The bond has a ten-year life and must be issued on or before 31 March 2028. The notification prescribes its maturity or redemption amount, discount, and number of bonds, and remains effective only if the bank fulfils requirements under the Income-tax Act, 2025 and the Income-tax Rules, 2026.
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 specification recognises an infrastructure financing bond, subject to statutory and rules-based compliance conditions.
The Ten Year Zero Coupon Bond of the National Bank for Financing Infrastructure and Development is specified as a zero coupon bond for purposes of the Income-tax Act, 2025. The bond has a ten-year life and must be issued on or before 31 March 2028. The notification prescribes its maturity or redemption amount, discount, and number of bonds, and remains effective only if the bank fulfils requirements under the Income-tax Act, 2025 and the Income-tax Rules, 2026.
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