Deduction of interest on securities - specified IDBI debentures in Flexi bond 5 series declared eligible under tax notification. Deduction of interest on securities under section 80L is extended by executive notification specifying four named debenture series issued by the Industrial Development Bank of India in its Flexi bond 5 Series-Regular Income Bond, Growing Interest Bond, Multi Option Bond and Infrastructure (Tax saving) Bonds-as eligible instruments for the statutory deduction.
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.
Deduction of interest on securities - specified IDBI debentures in Flexi bond 5 series declared eligible under tax notification.
Deduction of interest on securities under section 80L is extended by executive notification specifying four named debenture series issued by the Industrial Development Bank of India in its Flexi bond 5 Series-Regular Income Bond, Growing Interest Bond, Multi Option Bond and Infrastructure (Tax saving) Bonds-as eligible instruments for the statutory deduction.
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