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of <h1>Mumbai Financial Bonds Now Eligible for Tax Benefits u/s 80L of Income-tax Act, 1961.</h1> The Central Government has specified certain bonds issued by a financial corporation in Mumbai as eligible under Section 80L of the Income-tax Act, 1961. These bonds, part of a public issue in July 2000, include Tax Saving Bonds and Regular Income Bonds with various options and allotments. The Tax Saving Bonds have three options with a total of 24,032 bonds allotted, while the Regular Income Bonds have three options with a total of 140,174 bonds allotted. The notification was issued by the Under Secretary on December 10, 2002, under Notification No. 380.
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