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of <h1>Central Government Specifies Flexi Bonds for Tax Benefits Under Section 80L of Income-tax Act, 1961</h1> The Central Government has specified certain debentures in the nature of bonds under the Flexi bonds-18th series for tax purposes under section 80L of the Income-tax Act, 1961. These include the Industrial Development Bank of India's Regular Income Bonds, Floating Rate Bonds, and Infrastructure (Tax Saving) Bonds, all part of the 18th series. The bonds are available in both physical and demat forms, with distinctive numbers assigned to each type and option. These bonds are issued by the Industrial Development Bank of India, Mumbai, as part of its public issue of Flexi bonds-18th series.
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