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of <h1>Secured Non-Convertible Priority Sector Tax-Free Bonds Specified Under Section 10(15)(iv) of Income Tax Act 1961</h1> The Central Government specifies the 'Secured Non-Convertible Priority Sector Tax Free Bonds-2011 (53rd Series)' under section 10(15)(iv) of the Income Tax Act, 1961. Issued by Rural Electrification Corporation Limited, these bonds total fifty crores, with a face value of ten lakhs each and an annual coupon rate of 6.75% to 7.15% for ten years. They are identified by numbers 800001 to 800500 and were issued in the financial year 2000-01. The tax benefit is available only if bondholders register their names and holdings with the corporation.
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