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of <h1>Indian Railways Finance Corp's Rs. 200 Crore Bonds Recognized Under Section 80L of Income-tax Act, 1961</h1> The Central Government has specified the VIII Series-5 years (taxable) Secured Redeemable Non-Convertible Bonds, each valued at Rs. 1000, totaling Rs. 200 crores, issued by the Indian Railways Finance Corporation Limited under section 80L of the Income-tax Act, 1961. These bonds, bearing distinctive numbers from 00000001 to 0200000, are recognized for the purposes outlined in clause (ii) of sub-section (1) of section 80L. This specification is formalized in Notification No. S.O.483(E), dated 23rd June 1994, under the authority granted by the Income-tax Act.
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