Central Government specifies the 6 per cent. 10 years Bonds, 1986--First Series--issued by the Industrial Reconstruction Corporation of India Limited, between the 29th March, 1976, and 31st March, 1976
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Specified bonds under section 80L designated for tax purposes following issuance by Industrial Reconstruction Corporation in March 1976.
The Central Government specifies the 6 per cent ten year Bonds, 1986-First Series-issued by the Industrial Reconstruction Corporation of India Limited between 29 March 1976 and 31 March 1976, as instruments falling within clause (ii) of sub section (1) of section 80L of the Income tax Act, 1961, thereby bringing that specific issue within the statute's qualifying tax framework.