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of <h1>Government Rescinds 2002 Notification on NABARD 6.75% Tax-Free Bonds; New Bonds Issued for 2002-2004 in Demat Form</h1> The Central Government has rescinded Notification No. S.O. 1347(E) from December 23, 2002, concerning 6.75% NABARD Tax Free Bonds. These bonds, issued by the National Bank for Agriculture and Rural Development (NABARD) during 2002-03, were specified under the Income-tax Act, 1961. The rescission excludes actions taken before its enactment. The notification now specifies new NABARD Tax Free Bonds issued in dematerialized form during 2002-2004, with various series, allotment dates, maturity dates, interest rates ranging from 5.00% to 5.25%, and amounts totaling several crores. Bondholders must register with the bank to receive tax benefits.
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