Specified bonds under section 80L: government designates secured redeemable non convertible bonds issued by NHPC as qualifying securities. The Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specified two series of taxable, secured, redeemable, non convertible L series bonds issued by the National Hydroelectric Power Corporation Limited: a five year series at 17 per cent and a seven year series at 16 per cent, each of Rs. 1,000 denomination, with distinctive numbering and aggregate issuance amounts identified in the notification.
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Specified bonds under section 80L: government designates secured redeemable non convertible bonds issued by NHPC as qualifying securities.
The Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specified two series of taxable, secured, redeemable, non convertible L series bonds issued by the National Hydroelectric Power Corporation Limited: a five year series at 17 per cent and a seven year series at 16 per cent, each of Rs. 1,000 denomination, with distinctive numbering and aggregate issuance amounts identified in the notification.
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