MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 12th June, 2025

(INCOME TAX)

 S.O. 2576(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                                -    Zero Coupon Bond of The National Bank for Agriculture and Rural

Development (NABARD)

b.  period of life of the bond                    -   Ten years eleven months thirteen days

c.  the time schedule of the issue             -   To be issued on or before the 31^st day of March 2027  of the bond                                         

d.  the amount to be paid on maturity      -   Rs.19,500 crores      or redemption of the bond

e.  the discount                                         -   Rs. 10,349.625 crores

f.  the number of bonds to be issued        -   19.50 lakhs  

 [Notification No.  56 /2025/ F.No.300164/4/2024-ITA-1]

MEENAKSHI SINGH, Dy. Secy.