Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Central Government Designates IDFC's Twenty-Year Bond as Zero Coupon Under Section 2(48) of Income-tax Act, 1961</h1> The Central Government, under section 2(48) of the Income-tax Act, 1961, has specified the Twenty Years Zero Coupon Bond of Infrastructure Development Finance Company Limited (IDFC) as a zero coupon bond. The bond has a life period of twenty years and is to be issued on or before March 31, 2009. Each bond will mature at ten lakh rupees, with the discount determined by IDFC at issuance. A total of ten thousand bonds are to be issued. This notification is contingent upon meeting certain conditions outlined in the Income-tax Rules, 1962.