Notification u/s 2(48) of the Income Tax Act, 1961 in the case of Indian Railway Finance Corporation Ltd

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-14052025-263099 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 2090] NEW DELHI, WEDNESDAY, MAY 14, 2025/VAISAKHA 24, 1947 MINISTRY OF FINANCE (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 - Rs.10,000 crores or redemption of the bond (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.