Section 4 — Tax Treatment

(i) Interest on the Bonds will be taxable under the Income Tax Act, 1961 as applicable according to the relevant tax status of the Bond holders.
(ii) [***]'.
1. Sub-clause (ii) omitted by Notification No.SO 101(E) [F.No.4(28)-W&M/2017], dated 8-1-2018. Prior to its omission, said sub-clause read as under :
"(ii) The Bonds will be exempt from wealth-tax under the Wealth Tax Act, 1957."