Central Government specifies the debentures, in the nature of bonds issued by the Industrial Development Bank of India, Mumbai u/s 80L - 10976 - Income Tax Act, 1961
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Specified debentures tax exemption: bonds issued by Industrial Development Bank of India designated under income-tax provision. Central Government specifies certain IDBI debentures issued in the Flexibond-5 public issue - Regular Income Bond, Growing Interest Bond, Multi Option Bond and Infrastructure (tax saving) Bonds - by name, distinctive number ranges and a face value of five thousand rupees, as qualifying instruments for the purposes of clause (ii) of sub-section (1) of section 80L of the Income-tax Act.
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.
Specified debentures tax exemption: bonds issued by Industrial Development Bank of India designated under income-tax provision.
Central Government specifies certain IDBI debentures issued in the Flexibond-5 public issue - Regular Income Bond, Growing Interest Bond, Multi Option Bond and Infrastructure (tax saving) Bonds - by name, distinctive number ranges and a face value of five thousand rupees, as qualifying instruments for the purposes of clause (ii) of sub-section (1) of section 80L of the Income-tax Act.
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