Interest on these Bonds shall be exempt from income tax and shall not be included while computing the total income as per provisions under section 10 (15) (iv) (h) of Income Tax Act, 1961, as amended.

Since the interest income on these Bonds is exempt from tax, there shall be no deduction of tax at source.

Wealth Tax is not levied on investment in Bonds under section 2(ea) of the Wealth-tax Act, 1957.

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