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    <title>For the purpose of Section 10(15)(viii) of ITA 1961 the C.G. specifies Tax Free Municipal Bonds for an amount of rupees fifty crore during the financial year 2004-2005</title>
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    <description>The Central Government specifies Tax Free Municipal Bonds to be issued by the Chennai Metropolitan Water Supply and Sewerage Board during financial year 2004-2005, under the exemption framework of clause (15) of Section 10 of the Income Tax Act. The notification limits the aggregate amount eligible for specification for that year and makes tax-free status conditional on registration of the bondholder&#039;s name and holding with the issuing Corporation.</description>
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