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of <h1>IDBI Flexibonds Recognized as Tax-Saving Bonds Under Section 80L of Income-tax Act, 1961</h1> The Central Government, under the powers conferred by the Income-tax Act, 1961, specifies certain debentures issued by the Industrial Development Bank of India (IDBI), Mumbai, as tax-saving bonds under section 80L. These include the 16th series of IDBI Infrastructure Bonds, known as Flexibonds, available in both physical and demat forms. The notification details the distinctive numbers for these bonds under different options (A, B, C, D) for tax-saving purposes. This specification is part of the public issue of bonds by IDBI, established under the Industrial Development Bank of India Act, 1964.
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