CBDT has notified the issuance of a zero-coupon bond by IRFC with a 10-year maturity and Rs. 10,000 crores payout on maturity or redemption.
Nidhi | May 15, 2025 |
CBDT Notifies Zero Coupon Bond by IRFC for Purpose of Income Tax
The Ministry of Finance has issued a notification on 14th May 2025 announcing the issuance of a new zero-coupon bond by Indian Railway Finance Corporation Ltd. (IRFC) under the Income Tax Act, 1961.
The Ten-Year Zero Coupon Bond of the Indian Railway Finance Corporation Ltd. (IRFC) has a ten-year maturity period and will be issued on or before 31st March 2027.
As per the official notification, a total of 10 lakh bonds will be issued. At the time of maturity or redemption, a total amount of Rs. 10,000 crores will be paid. The bond will be issued at a discount of Rs. 4,916.51 crores.
Refer to the official notification for more information.
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