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of <h1>Central Government Approves Mumbai Financial Corporation Bonds for Tax Benefits Under Section 80L of the Income-tax Act, 1961.</h1> The Central Government specifies certain bonds issued by a financial corporation in Mumbai as eligible under Section 80L of the Income-tax Act, 1961. These bonds, issued in December 2000, include Tax Saving Bonds and Regular Income Bonds with various options. The Tax Saving Bonds have two options with a total of 611,209 bonds allotted, while the Regular Income Bonds have three options with a total of 105,956 bonds allotted. The notification, issued by the Under Secretary, details the number of bonds, their allotment amounts, and distinctive numbers for each option.
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