Central Government specifies the 5 years 17% secured, redeemable, non-convertible and taxable debentures in the nature of bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L - 10981 - Income Tax Act, 1961
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Specified taxable debentures under section 80L: government notifies secured redeemable non convertible bonds carrying fixed interest payable half yearly. Specification under the Income tax Act designates the Steel Authority of India Limited's IV Issue, I Series debentures as 5 year, 17% per annum, secured, redeemable, non convertible bonds carrying interest payable half yearly, and records their series identification and issuance particulars for the purposes of the relevant clause of the 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 taxable debentures under section 80L: government notifies secured redeemable non convertible bonds carrying fixed interest payable half yearly.
Specification under the Income tax Act designates the Steel Authority of India Limited's IV Issue, I Series debentures as 5 year, 17% per annum, secured, redeemable, non convertible bonds carrying interest payable half yearly, and records their series identification and issuance particulars for the purposes of the relevant clause of the Act.
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