Central Government specifies the 5 years 16% secured, redeemable, non-convertible and taxable debentures in the nature of bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L - 10980 - Income Tax

Central Government specifies the 5 years 16% secured, redeemable, non-convertible and taxable debentures in the nature of bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L NOTIFICATION NO. 10980 DATED 28-6-1999 In exercise of the powers conferred by clause ( ii ) of sub-section (1) of section 80L of the IT Act, 1961 (43 of 1961), the Central Government hereby specifies the 5 years 16% secured, redeemable, non-convertible and taxable debentures in the nature of bonds (VI-Issue, I-Series) of Rs. 1,00,000 each carrying an interest of 16% per annum, payable half-yearly for an amount of Rupees two hundred crores only bearing distinctive numbers from K-1 to K-20000 issued by the Steel Authority of India Limited, New Delhi for the purpose of the said clause. [F.No. 178/26/97-ITA-I]