The Central Board of Direct Taxes has notified Ten Year Zero Coupon Bond of Power Finance Corporation Ltd notified for the purpose of section 2(48) of the Income Tax.
The Central Government, in the exercise of powers conferred by clause (48) of section 2 of the Income-tax Act, 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, hereby specifies the following details for the Ten Year Zero Coupon Bond of Power Finance Corporation Ltd.
The name of the bond is Ten Year Zero Coupon Bond of Power Finance Corporation Ltd. The period of life of the bond is ten years and one month from the date of issuance.
The bond is scheduled to be issued on or before March 31, 2027. The maturity amount payable on redemption of each bond will be Rs. 1,00,000.
The bond will be issued at a discounted price of Rs. 49,546 per bond. The total number of bonds to be issued is 10 lakh.
Notification Details
Notification No. 19 /2025
Date: 11/03/2025
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