Section 80L(1)(ii) of the Income-tax Act, 1961 - Specified debentures in the nature of bonds of IDBI Regular Income Bonds - 048/2005 - Income Tax

Section 80L(1)(ii) of the Income-tax Act, 1961 - Specified debentures in the nature of bonds of IDBI Regular Income Bonds NOTIFICATION NO. 48/2005, DATED 11-2-2005 S.O. 194(E). 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 following debentures, in the nature of bonds, namely: ( i ) the Industrial Development Bank of India Regular Income Bond bearing distinctive numbers from 1 to 1961, of the face value of Rupees 10,000/- each; and ( ii ) the Industrial Development Bank of India Floating Rate Bond bearing distinctive numbers from 1692 to 1851, of the face value of Rupees 10,000/-each, issued 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 Flexi bonds 2-A Series, for the purpose of the clause. [F. No. 178/14/2001-ITA-I]