Central Government specifies the NRI Bonds (Second Series), issued by the State Bank of India, a bank established under section 3 of the State Bank of India Act, 1955 (23 of 1955) u/s 10(15)(iid)
Show AI Summary
Specification of NRI Bonds: Government designates SBI's NRI Bonds (Second Series) under an income tax provision.
Central Government, under sub clause (iid) of clause (15) of section 10 of the Income tax Act, 1961, by Notification No. S.O.551(E) dated 27 7 1992, specifies the NRI Bonds (Second Series) issued by the State Bank of India, a bank established under section 3 of the State Bank of India Act, 1955, for the purposes of that sub clause.