Notification - CBDT notified Ten Year Zero Coupon Bond of Power Finance Corporation Ltd which will be issued on or before the 31st day of March, 2027.

[Notification No. 19 /2025 dated 11.03.2025

"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 of the bond - To be issued on or before the 31st day 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"

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