(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 14th May, 2025
(INCOME TAX)
S.O. 2137(E).— In exercise of the powers conferred by clause (48) of section 2 of the Income-tax Act, 1961 (43 of 1961), read with clause (ii), clause (iii) and clause (v) of sub-rule (3) and sub-rule (6) of rule 8B of the Income-tax Rules, 1962, the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of the said clause (48) of section 2 of the said Act, namely :-
(a) name of the bond | - | Ten Year Zero Coupon Bond of Indian Railway Finance Corporation Ltd. |
(b) period of life of the bond | - | Ten years |
(c) the time schedule of the issue | - | To be issued on or before the 31st day of March 2027 of the bond |
(d) the amount to be paid on maturity or redemption of the bond | - | Rs.10,000 crores |
(e) the discount | - | Rs. 4,916.51 crores |
(f) the number of bonds to be issued | - | Ten lakh |
[Notification No. 48 /2025/F. No. 300164/3/2024-ITA-1]
MEENAKSHI SINGH, Dy. Secy.