Notification: S.O.645(E)
Section(s) Referred: s. 80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 5/7/2001
Notification No. S.O. 645(E), dated 5th July, 2001.
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following debentures, in the nature of bonds, namely:
(i) the Industrial Development Bank of India Regular Income Bond bearing distinctive numbers from 000001 to 211135 of the face value of rupees five thousand each;
(ii) the Industrial Development Bank of India Growing Interest Bond bearing distinctive numbers from 300001 to 537273 of the face value of rupees five thousand each;
(iii) the Industrial Development Bank of India Infrastructure (tax-saving) Bond bearing distinctive numbers from 700001 to 1035652 for Annual Interest Option and from 1035655 to 1036194 for Cumulative Interest Option of the face value of rupees five thousand each, issued by the Industrial Development Bank of India, Mumbai, a Corporation established under section 3 of the Industrial Development Bank of India Act, 1964 (10 of 1964) in the Flexibonds-9 series, for the purposes of the said clause.
[Notification No. 205/2001/F. No. 178/91/2000-ITA-I]
