For the purpose of section 2(48) of the Income-tax Act, 1961 Central Government specified Ten Years Zero Coupon Bond of NABARD - 372/2006 - Income Tax Act, 1961
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Zero coupon bond designation: ten year instrument specified for tax classification under the Income tax Act, subject to rule based conditions. The Central Government specifies a named instrument as a zero coupon bond for section 2(48) by listing its name, ten year life, issuance deadline, redemption amount per bond, issuer determined discount at issue, and total number of bonds; this designation is subject to fulfillment of conditions in specified sub rules of rule 8B of the Income tax Rules, 1962.
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: ten year instrument specified for tax classification under the Income tax Act, subject to rule based conditions.
The Central Government specifies a named instrument as a zero coupon bond for section 2(48) by listing its name, ten year life, issuance deadline, redemption amount per bond, issuer determined discount at issue, and total number of bonds; this designation is subject to fulfillment of conditions in specified sub rules of rule 8B of the Income tax Rules, 1962.
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