CBDT Notifies Zero Coupon Bonds of NABARD for Income Tax

CBDT Notifies Zero-Coupon Bonds of NABARD for Income Tax

The Ministry of Finance has issued an official notification dated June 12, 2025, notifying the Central Government of India has officially declared the bond issued by the NABARD (National Bank for Agriculture and Rural Development) as Zero Coupon Bond for purposes of Income Tax, in exercise of its powers described under clause (48) of section 2 of the Income-tax Act, 1961 (43 of 1961), read with clause (ii), clause (iii) and clause (v) of sub-rule (3) and sub-rule (6) of rule 8B of the Income-tax Rules, 1962.