Deduction of interest on securities, dividends, etc. u/s 80L - S. O. 237(E) - Income Tax

Deduction of interest on securities, dividends, etc. u/s 80L NOTIFICATION NO. S. O. 237(E) DATED 14-3-2000 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 Board of Direct Taxes hereby specifies the debentures, in the nature of bonds, namely :--- ( i ) the Industrial Development Bank of India Regular Income bearing distinctive numbers from 000001 to 2448263 of the face value of rupees five thousand each ; ( ii ) the Industrial Development Bank of India Growing Interest Bond bearing distinctive numbers from 2500001 to 2923034 of the face value of rupees five thousand each ( iii ) the Industrial Development Bank of India Retirement Bond bearing distinctive numbers from 3000001 to 3009257 of the face value of rupees five thousand each ; and issued from July 27, 1999 to August 19, 1999, by the Industrial Development Bank of India, Mumbai, a Corporation established under section 3 of the Industrial Development Bank of India Act, 1964 (10 of 1964) in its public issue of bonds in Flexibonds 7 series, for the purposes of the said clause. [Notification No. 11266/F. No. 178/11/2000-ITA-I]