Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-11032025-261549
EXTRAORDINARY
PART II-Section 3-Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 1111]
NEW DELHI, TUESDAY, MARCH 11, 2025/PHALGUNA 20, 1946
1653 GI/2025
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 11th March, 2025
(Income Tax)
S.O. 1120(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 Power |
| | Finance Corporation Ltd. |
+---------------------------------------+---------------------------------------------+
| (b) period of life of the bond | Ten years one month |
+---------------------------------------+---------------------------------------------+
| (c) the time schedule of the issue | To be issued on or before the 31st day |
| of the bond | of March, 2027 |
+---------------------------------------+---------------------------------------------+
| (d) the amount to be paid on maturity | Rs.1,00,000/- for each bond |
| or redemption of the bond | |
+---------------------------------------+---------------------------------------------+
| (e) the discount | Rs. 49,546/- per bond |
+---------------------------------------+---------------------------------------------+
| (f) the number of bonds to be issued | Ten lakhs |
+---------------------------------------+---------------------------------------------+
[Notification No. 19/2025 F.No. 300164/1/2024-ITA-1]
ASHWANI KUMAR, Under Secy.