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Notification: 10976
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 debentures, in the nature of bonds, namely :
(i) the Industrial Development Bank of India Regular Income Bond bearing distinctive numbers BRI-1000001 to 3222046 of the face value of rupees five thousand each ;
(ii) the Industrial Development Bank of India Growing Interest Bond bearing distinctive numbers BGI-50001 to 170219 of the face value of rupees five thousand each ;
(iii) the Industrial Development Bank of India Multi Option Bond bearing distinctive numbers BMO-00001 to 43021 of the face value of rupees five thousand each; and
(iv) the Industrial Development Bank of India Infrastructure (tax saving) Bonds bearing distinctive numbers BIF-200001 to 814714 of the face value of rupees five thousand each,
issued by the Industrial Development Bank of India, Mumbai in its public issue of bonds in Flexibond-5 Series, for the purpose of the said clause
[F. No. 178/16/99-ITA-I
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