Section 10(15), item (h) of sub-clause (iv) of the income-tax act, 1961 – exemptions – interest on bonds/debentures – specified companies authorized to issue tax-free, secured, redeemable, non-convertible bonds during f.y. 2012-13

The Central Government  hereby authorizes some of the entities to issue tax-free, secured, redeemable, non-convertible bonds subject to conditions specified on basis of eligibility, tenure of bond, furnishing of PAN by subscribers, rate of interest, limitation on issue expenses and brokerage, public issue, private placement, repayment of bond and selection of merchant banker .

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