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of <h1>Government Recognizes Specific Safety Bonds Issued in 2000 for Tax Benefits under Section 80L of the Income-tax Act</h1> The Central Government specifies certain bonds in the nature of debentures issued by a financial corporation in Mumbai during its public issue of Safety Bonds in October 2000, under Section 80L of the Income-tax Act, 1961. The notification, dated December 10, 2002, details the allotment of various bonds, including Tax Saving Bonds and Regular Income Bonds, with specific options, quantities, amounts, and distinctive numbers. These bonds are recognized for tax purposes under the specified clause of the Income-tax Act.
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