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of <h1>Central Government Designates POWER GRID Bonds Under Section 80L for Tax Purposes, Issuing Up to 200 Crores.</h1> The Central Government specifies the 15-75% taxable, secured, redeemable, non-convertible POWER GRID Bonds under section 80L of the Income-tax Act, 1961. This notification, dated February 6, 1998, designates these bonds, issued by the Power Grid Corporation of India Ltd., New Delhi, with distinctive numbers from E-0000001 to E-2000000. The total issuance amounts to two hundred crores rupees. This specification is made under the powers conferred by clause (ii) of sub-section (1) of section 80L for tax purposes.
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