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of <h1>Central Government Issues 6.75% NABARD Tax-Free Bonds Under Section 10(15)(iv) of Income-tax Act 1961</h1> The Central Government has issued a notification specifying 6.75% NABARD Tax Free Bonds, each valued at ten thousand rupees, under Section 10(15)(iv) of the Income-tax Act, 1961. These bonds, issued by the National Bank for Agriculture and Rural Development (NABARD) in Mumbai during the 2002-2003 period, offer an annual interest rate of 6.75% for five years, with a total issuance amount of one thousand crores rupees. The tax exemption benefit is applicable only if bondholders register their name and holding with NABARD.
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