Tax deduction specification: designated bond series qualify for tax benefit under the income tax provision. Central Government specifies three bond series issued in the Flexibond-4 public issue by Industrial Development Bank of India, Mumbai-Regular Income Bonds (IFR 000001-2323135), Growing Interest Bonds (IFG 3000001-3135980), and Education Bonds (IFE 5000001-5021078)-each of face value five thousand rupees, as qualifying instruments for the benefit under the cited clause of section 80L of the Income-tax Act, 1961.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction specification: designated bond series qualify for tax benefit under the income tax provision.
Central Government specifies three bond series issued in the Flexibond-4 public issue by Industrial Development Bank of India, Mumbai-Regular Income Bonds (IFR 000001-2323135), Growing Interest Bonds (IFG 3000001-3135980), and Education Bonds (IFE 5000001-5021078)-each of face value five thousand rupees, as qualifying instruments for the benefit under the cited clause of section 80L of the Income-tax Act, 1961.
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