Notification: S. O. 510(E)
Section(s) Referred: s. 80L(1)(ii)
Statute: INCOME TAX
Date of Issue: 28/6/1999
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 7-years 14.5% Secured, Redeemable, Non-convertible and Taxable Debentures in the nature of bonds (VIIth Issue–I Series) of Rs. 1,00,000 each, carrying an interest of 14.5% per annum, payable half-yearly for an amount of rupees four hundred ninety seven crores only bearing distinctive numbers from L-1 to L-49700 issued by the Steel Authority of India Limited, New Delhi, for the purpose of the said clause.
[Notification No. 10979/F. No. 178/88/97-ITA-I]