Deduction of interest on securities, dividends, etc. u/s 80L - S. O. 507(E) - Income Tax

Deduction of interest on securities, dividends, etc. u/s 80L NOTIFICATION NO. S. O. 507 ( E ) 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 Flexi-bond-5 Series, for the purpose of the said clause. [Notification No. 10976/F. No. 178/16/99-ITA-I]