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of <h1>Bonds Issued by Financial Corporation in Mumbai Qualify for Tax Deduction under Section 80L of Income-tax Act</h1> The Central Government, under section 80L of the Income-tax Act, 1961, specifies certain bonds issued by a financial corporation in Mumbai as eligible for interest deduction. These include ICICI Safety Bonds from October 1999, categorized into encash bonds, tax-saving bonds with five options, and regular income bonds with three options. Each category details the number of bonds, distinctive numbers, and total amounts in rupees. This notification outlines the specific bonds that qualify for tax deductions under the mentioned section of the Income-tax Act.
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