Central Government specifies the following Secured Redeemable Non-Convertible Bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L - S.O.924(E) - Income Tax

Central Government specifies the following Secured Redeemable Non-Convertible Bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L NOTIFICATION NO. S.O.924 ( E ) DATED 20-11-1995 In exercise of the powers conferred by clause ( ii ) of sub-section (1) of section 80L of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the following Secured Redeemable Non-Convertible Bonds issued by the Steel Authority of India Limited, New Delhi, for the purpose of the said clause, namely :-- ( i ) 7-year 17% (taxable) Secured Redeemable Non-Convertible Bonds (I-Issue) bearing distinctive numbers A-0000001 to A-5000000 of rupees one thousand each of the aggregate value of rupees five hundred crores only ; ( ii ) 5-year 13.5% (taxable) Secured Redeemable Non-Convertible Bonds (II-Issue) bearing distinctive numbers B-0000001 to B-2950000, C-0000001 to C-1900000, and E-000001 to E-150000 of rupees one thousand each of the aggregate value of rupees five hundred crores only ; and ( iii ) 5-year 13.75% (taxable) Secured Redeemable Non-Convertible Bonds (III-Issue) bearing distinctive numbers D-0000001 to D-1000000 of rupees one thousand each of the aggregate value of rupees one hundred crores only. [Notification No. 9907/F.No. 178/5/94-ITA-I]