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"IRFC Ltd." to issue Tax Free Interest on Bond/Debentures up to Rs. 430 Cr.

SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - SPECIFIED COMPANIES AUTHORIZED TO ISSUE TAX-FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS DURING F.Y. 2013-14 SUBJECT TO SPECIFIED CONDITIONS - AMENDMENT IN NOTIFICATION NO. 61/2013 [F.NO.178/37/2013-(ITA-I)/SO 2424(E), DATED 8-8-2013

NOTIFICATION NO. 19/2014 [F.NO.178/9/2014-(ITA-I)], DATED 26-3-2014

In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii), vide number S.O. 2424(E), dated the 8th of August, 2013, namely:—
In the said notification, in the Table,—

   (a) for serial number 10 and entries relating thereto, the following serial number and entries shall be substituted, namely:—
(1)(2)(3)
"10.Indian Railway Finance Corporation Limited (IRFC)8853";

(b) after serial number 13, the following serial number and entries shall be inserted, namely:-



(1)(2)(3)
"14.IFCI Limited (formerly known as Industrial Finance Corporation of India)430".