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<h1>Central Government Approves Tax-Free Status for 9.50% Bonds by National Textile Corporation under Section 10(15)(iv)(h) Income-tax Act</h1> The Central Government, under section 10(15)(iv)(h) of the Income-tax Act, 1961, specifies '9.50% Tax Free Bonds' issued by National Textile Corporation Limited. These bonds, numbered from 1 to 24000, are each valued at one lakh rupees, offering a 9.50% annual interest rate over five years, totaling 240 crores rupees. The tax-free benefit is available only if bondholders register their names and holdings with the Corporation. This specification is detailed in Notification No. 379, dated December 10, 2002, and signed by the Under Secretary.