Deduction under section 80L: specified IDBI Flexibonds types designated eligible for interest and dividend deduction. The Central Board of Direct Taxes, under clause (ii) of sub section (1) of section 80L, specifies three categories of Industrial Development Bank of India debentures issued in the Flexibonds 7 series - Regular Income, Growing Interest, and Retirement Bond - by distinctive numbers and a common face value, issued between late July and mid August 1999, as qualifying instruments for the deduction on interest, dividends and related receipts under that provision.
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 IDBI Flexibonds types designated eligible for interest and dividend deduction.
The Central Board of Direct Taxes, under clause (ii) of sub section (1) of section 80L, specifies three categories of Industrial Development Bank of India debentures issued in the Flexibonds 7 series - Regular Income, Growing Interest, and Retirement Bond - by distinctive numbers and a common face value, issued between late July and mid August 1999, as qualifying instruments for the deduction on interest, dividends and related receipts under that provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
