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of <h1>HUDCO 2002-2003 tax-free bonds specified under Income Tax Act, 1961; registration required for tax benefits.</h1> The Central Government, under the Income Tax Act, 1961, has specified certain tax-free bonds issued by the Housing and Urban Development Corporation Limited (HUDCO) during 2002-2003. These include Series III-A, III-B, IV-A, and IV-B bonds with interest rates of 5.80%, 5.90%, 6.40%, and 6.80% per annum, respectively. The bonds have varying maturity periods and amounts: Series III-A (5 crore), III-B (7.50 crore), IV-A (55 crore), and IV-B (16 crore). Tax benefits apply only if bondholders register their names and holdings with HUDCO.
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