Section 2(48) of the Income-tax Act, 1961 - Zero Coupon Bond Specified bond

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....Zero Coupon Bond Specified bond Notification No. 24/2010 Dated: April 8, 2010 In exercise of the powers conferred by clause (48) of section 2 of the Income-tax Act, 1961 (43 of 1961), read with cla....

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....ation Limited(REC); (b) period of life of the bond -ten years; (c) the time schedule of the issue of bond -to be issued on or before the 31st day of March, 2011; (d) the amount to be paid on ma....