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The Central Government amends the notification issued under section 10 of the Income-tax Act, 1961. The National Bank for Agriculture and Rural Development earmarks sixty percent of its public issue under sub-paragraph (ii) for retail individual investors. The allocated amount of bonds changes to nineteen thousand crore rupees for the National Highways Authority of India. The Central Government adds the National Bank for Agriculture and Rural Development with an allocated amount of five thousand crore rupees in the table.
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MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th February, 2016 No. 6/2016 S.O. 520(E).—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 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. 1827(E), dated the 6th of July, 2015, namely :-
In the said notification,—
| Sl. No. | Entities | Allocated amount of bonds (₹ in crore) |
|---|---|---|
| (1) | (2) | (3) |
| “1 | National Highways Authority of India (NHAI) | 19000”; |
| Sl. No. | Entities | Allocated amount of bonds (₹ in crore) |
|---|---|---|
| (1) | (2) | (3) |
| “8 | National Bank for Agriculture and Rural Development (NABARD) | 5000”. |
[F. No.178/ 1/2016-ITA-I] DEEPSHIKHA SHARMA, Director
Note:-The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 1827(E) dated the 6th of July, 2015.
