Central Government specifies, the 5-years 17% interest per annum payable halfyearly secured, redeemable, non-convertible taxable debentures in the nature of bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L - S. O. 563(E) - Income Tax

Central Government specifies, the 5-years 17% interest per annum payable halfyearly secured, redeemable, non-convertible taxable debentures in the nature of bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L NOTIFICATION NO. S. O. 563 ( E ) DATED 8-7-1999 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 17% interest per annum payable halfyearly secured, redeemable, non-convertible taxable debentures in the nature of bonds (V-Issue I-Series) of Rs. 1,00,000 each for an amount of rupees four hundred ninety one crores only, bearing distinctive numbers from H-1 to H-49100, and the 5-years 16.75% interest per annum payable half-yearly secured, redeemable, non-convertible taxable debentures in the nature of bonds (V-Issue II-Series) of Rs. 1,00,000 each for an amount of rupees two hundred seventy four crores only, bearing distinctive numbers from J-1 to J-27400 issued by the Steel Authority of India Limited, New Delhi, for the purpose of the said clause. [Notification No. 10995/F. No. 178/73/96/ITA-1]