Deduction of interest on securities allowed for specified ICICI Safety Bonds issued in public offer, qualifying for tax deduction. The Central Government specifies certain ICICI Safety Bonds issued in the public offer as eligible for deduction of interest on securities and dividends under the relevant income-tax deduction provision, listing bond categories (Gilt Rate Plus, Encash, Tax Saving Options I-V, Regular Income Options I-III) with uniform face value and distinctive allotment ranges to operationally designate those allotments for the prescribed deduction treatment.
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 allowed for specified ICICI Safety Bonds issued in public offer, qualifying for tax deduction.
The Central Government specifies certain ICICI Safety Bonds issued in the public offer as eligible for deduction of interest on securities and dividends under the relevant income-tax deduction provision, listing bond categories (Gilt Rate Plus, Encash, Tax Saving Options I-V, Regular Income Options I-III) with uniform face value and distinctive allotment ranges to operationally designate those allotments for the prescribed deduction treatment.
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