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of <h1>Tax Benefits on IDBI Flexibonds-7 Debentures Issued in 1999 Recognized Under Section 80L of Income-tax Act</h1> The Central Board of Direct Taxes has specified certain debentures issued by the Industrial Development Bank of India, Mumbai, under section 80L of the Income-tax Act, 1961. These debentures, issued between July 27, 1999, and August 19, 1999, include the Regular Income Bond, Growing Interest Bond, and Retirement Bond, each with a face value of five thousand rupees. The bonds are part of the Flexibonds-7 series, with distinctive numbers ranging from 000001 to 3009257, and are recognized for tax purposes under the specified section.
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