For the purpose of section 2(48) of the Income-tax Act, 1961 Central Government specified Fifteen Years Zero Coupon Bond of HUDCO - 370/2006 - Income Tax Act, 1961
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Zero coupon bond designation: HUDCO bond specified under income tax provisions, subject to Income tax Rules compliance. Specification designates the fifteen year HUDCO zero coupon bond as a zero coupon bond by declaring its life, maturity redemption amount per bond, issuer determined discount, total number of bonds and issue schedule, and makes the designation subject to compliance with clauses (ii), (iii) and (v) of sub rule (3) and sub rule (6) of rule 8B of the Income tax 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: HUDCO bond specified under income tax provisions, subject to Income tax Rules compliance.
Specification designates the fifteen year HUDCO zero coupon bond as a zero coupon bond by declaring its life, maturity redemption amount per bond, issuer determined discount, total number of bonds and issue schedule, and makes the designation subject to compliance with clauses (ii), (iii) and (v) of sub rule (3) and sub rule (6) of rule 8B of the Income tax Rules.
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