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of <h1>Amendment to Income-tax Act: Indian Railway Finance Corp bonds exemption now capped at Rs. 7,000 crores.</h1> The Central Government has amended a previous notification regarding exemptions on interest from bonds or debentures of public sector companies under the Income-tax Act, 1961. Specifically, the amendment pertains to the Indian Railway Finance Corporation Ltd., where the aggregate amount of bonds is now set at Rs. 7,000 crores. This change updates the previous entry in the notification published on September 23, 2011.
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