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of <h1>Central Government Issues HUDCO Bonds Under Section 80L of Income-tax Act, 1961, Totaling Sixty-Two Crores at 13.5% Interest</h1> The Central Government, under section 80L of the Income-tax Act, 1961, specifies the issuance of 10-year, 13.5% taxable HUDCO Bonds (Series-VII) by Housing and Urban Development Corporation Limited, New Delhi. These bonds, numbered from 10000001 to 10620000, are valued at Rs. 1,000 each, totaling sixty-two crores. This specification is made under Notification No. S. O. 915(E), dated October 22, 1998, for the purposes outlined in the relevant clause of the Income-tax Act.
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