For the purpose of section 2(48) of the Income-tax Act, 1961 Central Government specified Ten Years Zero Coupon Bond of IDFC - 373/2006 - Income Tax Act, 1961
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Zero coupon bond specified under section 2(48): IDFC bond set out with issuance schedule, maturity and discount terms. IDFC's Ten Years Zero Coupon Bond is specified as a zero coupon bond under clause 48 of section 2 of the Income-tax Act, 1961, with particulars: name, ten year life, issuance by the stated deadline, specified maturity payment per bond, discount to be decided by the issuer at issue, and a fixed number of bonds; the specification is subject to fulfilment of conditions in the relevant 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 specified under section 2(48): IDFC bond set out with issuance schedule, maturity and discount terms.
IDFC's Ten Years Zero Coupon Bond is specified as a zero coupon bond under clause 48 of section 2 of the Income-tax Act, 1961, with particulars: name, ten year life, issuance by the stated deadline, specified maturity payment per bond, discount to be decided by the issuer at issue, and a fixed number of bonds; the specification is subject to fulfilment of conditions in the relevant sub rules of rule 8B of the Income tax Rules, 1962.
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