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of <h1>Central Government Specifies ICICI Safety Bonds Under Section 80L of Income-tax Act 1961 for Tax Savings and Regular Income.</h1> The Central Government specifies certain bonds, in the form of debentures, issued by the Industrial Credit and Investment Corporation of India Limited, Mumbai, as part of its March 2001 public issue of Safety Bonds. This specification is made under clause (ii) of Sub-section (1) of section 80L of the Income-tax Act, 1961. The bonds include Tax Saving Bonds with options for 1,192,956 and 719,956 bonds, and Regular Income Bonds with options for 8,430, 6,719, and 32,065 bonds. The notification was issued on December 10, 2002, by the Under Secretary.
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