Section 80L(1)(ii) of the Income-tax Act, 1961 - Specified debentures, in the nature of bonds IDBI Floating Rate Bond (2003 A) - 050/2005 - Income Tax Act, 1961

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Specified debentures designation grants tax-preferred treatment to listed IDBI Omnibond bonds under income tax provisions. Notification designates certain Industrial Development Bank of India Omnibond (2003A) debentures-the Floating Rate Bond, Retirement Bond and Regular Income Bond-as specified debentures for purposes of the income tax deduction provision, identifying each issue series, options and a uniform face value, and confirming the issuer's corporate status to clarify which bonds qualify for the prescribed tax treatment.

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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.

Specified debentures designation grants tax-preferred treatment to listed IDBI Omnibond bonds under income tax provisions.

Notification designates certain Industrial Development Bank of India Omnibond (2003A) debentures-the Floating Rate Bond, Retirement Bond and Regular Income Bond-as specified debentures for purposes of the income tax deduction provision, identifying each issue series, options and a uniform face value, and confirming the issuer's corporate status to clarify which bonds qualify for the prescribed tax treatment.

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Section 80L(1)(ii) of the Income-tax Act, 1961 - Specified debentures, in the nature of bonds IDBI Floating Rate Bond (2003 A) - 050/2005 - Income Tax Act, 1961

Specified debentures designation grants tax-preferred treatment to listed IDBI Omnibond bonds under income tax provisions.

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Section 80L(1)(ii) of the Income-tax Act, 1961 - Specified debentures, in the nature of bonds IDBI Floating Rate Bond (2003 A) - 050/2005 - Income Tax Act, 1961

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Specified debentures designation grants tax-preferred treatment to listed IDBI Omnibond bonds under income tax provisions.

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