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 - S. O. 511(E) - 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. S. O. 511 ( 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 5-years 16% Secured, Redeemable, Non-convertible and Taxable Debentures in the nature of bonds (VIth 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. [Notification No. 10980/F. No. 178/26/97-ITA-I]