Central Government specifies the debentures, in the nature of bonds issued by the Industrial Development Bank of India, Mumbai u/s 80L - 10976 - Income Tax

Central Government specifies the debentures, in the nature of bonds issued by the Industrial Development Bank of India , Mumbai u/s 80L NOTIFICATION NO. 10976 DATED 28-6-1999 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 debentures, in the nature of bonds, namely : ( i ) the Industrial Development Bank of India Regular Income Bond bearing distinctive numbers BRI-1000001 to 3222046 of the face value of rupees five thousand each ; ( ii ) the Industrial Development Bank of India Growing Interest Bond bearing distinctive numbers BGI-50001 to 170219 of the face value of rupees five thousand each ; ( iii ) the Industrial Development Bank of India Multi Option Bond bearing distinctive numbers BMO-00001 to 43021 of the face value of rupees five thousand each; and ( iv ) the Industrial Development Bank of India Infrastructure (tax saving) Bonds bearing distinctive numbers BIF-200001 to 814714 of the face value of rupees five thousand each, issued by the Industrial Development Bank of India, Mumbai in its public issue of bonds in Flexibond-5 Series, for the purpose of the said clause. [F. No. 178/16/99-ITA-I]