Notification no. 56/2025 dated 12.06.2025- Income tax

Central Board of Direct Taxes (CBDT) issued notification no. 56/2025 dated 12.06.2025 to specify the bond with the following particulars as zero coupon bond for the purposes of clause (48) of section 2 of the Income-tax Act, 1961 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 31st 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