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of <h1>Central Government Designates IDBI Flexibonds as Eligible for Tax Benefits under Section 80L(1)(ii) of Income-tax Act 1961</h1> The Central Government, exercising powers under the Income-tax Act, 1961, specifies certain debentures issued by the Industrial Development Bank of India (IDBI) as eligible under section 80L(1)(ii). These include the Regular Income Bond, Growing Interest Bond, Infrastructure (Tax-Saving) Bond, and Retirement Bond from the Flexibonds-12th Series (2001-02). Each bond series has a face value of Rs. 5,000, with specific distinctive number ranges for various options. The Retirement Bond requires a minimum investment of Rs. 25,000. These bonds are part of IDBI's public issue, aimed at providing tax-saving investment options.
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