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of <h1>Finance Bill 2021: Amendments Enable Infrastructure Debt Funds to Issue Zero Coupon Bonds from April 2022.</h1> The Finance Bill, 2021 introduces amendments to facilitate the issuance of zero coupon bonds by infrastructure debt funds. Under clause (48) of section 2 of the Act, zero coupon bonds are defined as those issued by infrastructure entities or banks, with no payments before maturity. The Central Government must notify these bonds in the Official Gazette. Amendments will allow infrastructure debt funds to issue such bonds, effective from April 1, 2022, applicable to the 2022-23 assessment year onward. Additionally, a related amendment in section 194A of the Act will take effect from April 1, 2021.
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