Central Government specifies the 7 years 13.5% (Taxable) Secured Redeemable Non-convertible POWERGRID Bonds issued by the Power Grid Corporation of India, Limited u/s 80L - S.O.818(E) - Income Tax Act, 1961
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Specified bonds under section 80L: long-term taxable POWERGRID bonds designated for income-tax recognition under the Act. Central Government specifies a class of taxable secured redeemable non convertible bonds for purposes of the income tax law under clause (ii) of sub section (1) of section 80L, identifying the instruments by tenor, taxable status, security, non convertibility, denomination and serial numbering and formally designating that issuance as within the statutory category.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified bonds under section 80L: long-term taxable POWERGRID bonds designated for income-tax recognition under the Act.
Central Government specifies a class of taxable secured redeemable non convertible bonds for purposes of the income tax law under clause (ii) of sub section (1) of section 80L, identifying the instruments by tenor, taxable status, security, non convertibility, denomination and serial numbering and formally designating that issuance as within the statutory category.
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