EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - NOTIFIED BONDS OR DEBENTURES OF PUBLIC SECTOR COMPANIES

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....exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises the entities mentioned in column (2) of the table below, to issue, during the financial year 2011-12, tax free, secured, redeemable, non-convertible bonds of rupees 1,000 each in case of public issue and rupees 1,00,000 each....

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....bonds shall be not less than 50 basis points lower than the yield on Government Securities of equivalent residual maturity;  (d)  Commission on sale.- (i) in case of a public issue, the commission on sale shall be capped at a maximum of a flat fee of 1.25% of the issue size; (ii) in case of a private placement- (a) for bonds with a tenure of ten years, the commission on sale s....