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of <h1>Government Recognizes NHPC Bonds Under Section 80L of Income-tax Act for Tax Benefits</h1> The Central Government, under section 80L of the Income-tax Act, 1961, specifies certain bonds issued by the National Hydroelectric Power Corporation Limited, Haryana. These include: (a) 5-year 18% taxable secured redeemable non-convertible NHPC Bonds (K-Series, Tranche-I) valued at 76.768 crores; (b) 5-year 17.5% taxable secured redeemable non-convertible NHPC Bonds (K-Series, Tranche-II) valued at 137.455 crores; and (c) 7-year 17.5% taxable secured redeemable non-convertible NHPC Bonds (K-Series, Tranche-III) valued at 50 crores. These bonds are recognized for tax-related purposes under the specified clause.
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