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of <h1>Government Introduces 5-Year and 7-Year Bonds Under Section 80L of Income-tax Act, 1961, Totaling Rs. 119.65 Crore.</h1> The Central Government has specified two series of bonds under section 80L of the Income-tax Act, 1961. These include 5-year 17% secured, redeemable, non-convertible bonds and 7-year 16% secured, redeemable, non-convertible bonds, both taxable and part of the L-series. The 5-year bonds are valued at Rs. 56.35 crore, with distinctive numbers from 120000001 to 120563500. The 7-year bonds are valued at Rs. 63.30 crore, with numbers from 120563501 to 121196500. These bonds, totaling Rs. 119.65 crore, are issued by the National Hydroelectric Power Corporation Limited.
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