MINISTRY OF FINANCE

(Department of Revenue)

Central Board of Direct Taxes

(Income Tax)

NOTIFICATION

New Delhi, the 30th May, 2025

S.O. 2447(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 -  Ten Year Zero Coupon Bond of REC Ltd.

b.  period of life of the bond -  Ten years six months

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

      of the bond                                                  

d. the amount to be paid on maturity - Rs. 5,000 crores

    or redemption of the bond

e. the discount - Rs. 2,200 crores

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

 [Notification No. 52/2025 F. No. 300164/5/2024-ITA-1]

MEENAKSHI SINGH, Dy. Secy.