Central Board of Direct Taxes (CBDT) issued notification no. 48/2025 dated 14.05.2025 , 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 Indian Railway Finance Corporation Ltd.
(b) period of life of the bond – Ten years
(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.10,000 crores
or redemption of the bond
(e) the discount – Rs. 4,916.51 crores
(f) the number of bonds to be issued – Ten lakh
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