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    <title>Zero Coupon Bond - Specified bond notified u/s 2(48) of the Income-tax Act, 1961</title>
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    <description>The Central Government designates a Ten Year Zero Coupon Bond of HUDCO as a zero coupon bond for tax purposes, specifying tenor (ten years one month), issuance deadline, aggregate maturity payment, discount, and number of bonds. HUDCO must utilise proceeds only for infrastructure projects capable of servicing the debt from project revenues without dependence on State Governments; &#039;Infrastructure&#039; is defined by reference to the Updated Harmonised Master List of Infrastructure sub-sectors.</description>
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