Deduction under section 80L: specified ICICI Safety Bonds eligible for interest and dividend deduction under the Act. Central Government, under section 80L of the Income tax Act, specifies ICICI Safety Bonds-July, 1999 as eligible for deduction of interest on securities and dividends. The notification lists the instruments by category (Encash Bonds; Tax Saving Bonds Options I-V; Regular Income Bonds Options I-IV) and records for each the face value, distinctive number ranges and aggregate allotment amounts to identify the qualifying securities.
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 under section 80L: specified ICICI Safety Bonds eligible for interest and dividend deduction under the Act.
Central Government, under section 80L of the Income tax Act, specifies ICICI Safety Bonds-July, 1999 as eligible for deduction of interest on securities and dividends. The notification lists the instruments by category (Encash Bonds; Tax Saving Bonds Options I-V; Regular Income Bonds Options I-IV) and records for each the face value, distinctive number ranges and aggregate allotment amounts to identify the qualifying securities.
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