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of <h1>Central Government Grants Tax Exemption for ICICI Bonds Issued in 1999 Under Income-tax Act, 1961.</h1> The Central Government, under the powers of the Income-tax Act, 1961, specifies certain bonds issued by the Industrial Credit and Investment Corporation of India Limited, Mumbai, for tax exemption purposes. These bonds, issued in January 1999, include Easy Instalment Bonds, Encash Bonds, various Tax Saving Bonds, and Regular Income Bonds, each with specific face values and distinctive numbers. The total amounts raised by these bonds range from Rs. 3.77 crore to Rs. 101.54 crore. This notification is issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes.
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