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of <h1>Central Government Recognizes IDBI Flexibonds for Tax Benefits Under Section 80L of Income-tax Act, 1961</h1> The Central Government specifies certain debentures, in the form of Flexibonds-17th series, issued by the Industrial Development Bank of India (IDBI) under the Income-tax Act, 1961. These bonds, available in both physical and demat forms, include the Regular Income Bond, Growing Interest Bond, and Infrastructure (Tax Saving) Bond, each with distinct series numbers and options. The bonds are part of IDBI's public issue and are recognized under section 80L of the Income-tax Act, which provides tax benefits. The notification details the distinctive numbers for each bond type and option.
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