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of <h1>Central Government Issues 5th Series 7-Year 14% Taxable Bonds Under Section 80L of Income-Tax Act, 1961</h1> The Central Government, under clause (ii) of sub-section (1) of section 80L of the Income-tax Act, 1961, specifies the issuance of the 5th Series 7-year 14% taxable bonds. These bonds, with distinctive numbers ranging from 000001 to 250000, have a face value of one thousand rupees each, totaling an aggregate value of twenty-five crores. They are to be issued by the Damodar Valley Corporation, Calcutta, for the purposes outlined in the specified clause.
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