MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th July, 2026 (INCOME TAX) No. 89 of 2026-CBDT S.O. 3936(E).— In exercise of the powers conferred by section 2(112) of the Income-tax Act, 2025 (30 of 2025) read with rules 7(5)(b), (c) and 7(8) of the Income-tax Rules, 2026, the Central Government hereby specifies the bond with the following particulars as zero coupon bond for the purposes of section 2(112) of the said Act, namely :- (a) | Name of the bond | Ten Year Zero Coupon Bond of the National Bank for Financing Infrastructure and Development | (b) | Period of life of the bond | Ten years | (c) | The time schedule for issue of the bond | To be issued on or before the 31st day of March, 2028 | (d) | The amount to be paid on maturity or redemption of the bond | Twenty thousand crore rupees. | (e) | The discount | Ten thousand two hundred and nighty six crore twelve lakh rupees. | (f) | The number of bonds to be issued | Twenty lakh |
2. This notification shall be effective subject to the conditions that the National Bank for Financing Infrastructure and Development fulfills the conditions as specified in the Income-tax Act, 2025 and Income-tax Rules, 2026. [No. 89/2026/F. No. 164/1/2026-ITA-1] HARDEV SINGH, Under Secy.
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