Central Board of Direct Taxes (CBDT) issued notification no. 19/2025 dated 11.03.2025 whereby the Central Government 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:-
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| (a) name of the bond | Ten Year Zero Coupon Bond of Power Finance Corporation Ltd |
| (b) period of life of the bond | Ten years one month |
| (c) the time schedule of the issue of the bond | To be issued on or before the 31st day of March, 2027 |
| (d) the amount to be paid on maturity or redemption of the bond | Rs.1,00,000/- for each bond |
| (e) the discount | Rs. 49,546/- per bond |
| (f) the number of bonds to be issued | Ten lakhs |
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