Interest on bonds issued by local authorities - purpose of Section 10(15)(vii) of the Income-tax Act, 1961

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Full Text of the Document

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....exercise of the power conferred by sub-clause (vii) of clause (15) of section 10 of the Income Tax Act, 1961 (43 of 1961), the Central Government hereby specifies the second tranche bond with the following particulars for the purpose of the said sub-clause, namely: - (a) Name of the bond - Tax Free Pooled Finance Development Bonds under Pooled Finance Development Fund Scheme of Governm....