Treatment of Discount for the Issuer. Such discount shall be allowed as deduction to the issuer on pro rata basis having regard to the period of life of such bond, calculated in the manner as may be prescribed.
Important points :
(a) The ‘period of the life of the bond’ means the period commencing from the date of issue of the bond and ending on the date of maturity or redemption of such bond.
(b) “infrastructure capital company” and “infrastructure capital fund” shall have the same meanings respectively assigned to them in clauses (a) and (b) of Explanation 1 to clause (23G) of section 10.