CBDT notifies 10 Year Zero Coupon Bond of Power Finance Corporation Ltd.
Clause (48) of section 2 of the Income-tax Act,1961 authorises the Central Government to notify a Zero Coupon Bond. Further Rule 8B of Income Tax Rules lays down Guidelines for notification of zero coupon bond.
The Ministry of Finance, CBDT has vide Notification No. 19/2025 dated 11.03.2025 notified the following bond as zero coupon bond for the purposes of the said clause (48) of section 2 of the said Act
| (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 of the bond | To be issued on or before the 31st day of March, 2027 |
| (d) the amount to be paid on maturity or the redemption of the bond | Rs.1,00,000/- for each bond |
| (e) the discount | Rs. 49,546/- per bond |
| (f) the number of bonds to be issued | Ten Lakhs |
Mere non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…
ICAI has extended the last date to online submit Multipurpose Empanelment Form (MEF)- 2026-27 from 29th August 2026 to 9th…
Can a demand notice be issued u/s 156 for non-payment of Dividend tax u/s 115-O, when as per assessment order…
The issue already examined and adjudicated by the quasi-judicial authority, i.e., CIT(Appeals), cannot be reopened on the same set of…
One TDS is deducted, credit has to follow, failure of deductor to deposit the amount to the credit of the…
Merely because assessee did not explain purpose of cash withdrawal from bank, it can not be taxed u/s 69C as…