News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« Latest Circulars »
 Notification No. 40/2019 Ministry Of Finance
 Financial Action Task Force (FATF) Public Statement dated February 22, 2019
 Incentive for improving service to non-chest branches May 23, 2019
 RBI Central Board meets at Chennai
 Auction of Government of India Dated Securities May20, 2019
 Auction for Sale (re-issue) of Government Stock (GS) 20 May 2019
 RBI- Auction of State Government Securities
 Committee on Deepening of Digital Payments Submits its Report to RBI
  RBI-Conversion of Government of India (GoI)’s Securities
 Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs
 RBI publishes ‘Payment and Settlement Systems in India: Vision 2019 – 2021’

Notification on Deduction u/s. 80L
April, 23rd 2002
Direct Tax Notification No. 98-2002 dated 23rd April, 2002
Topic Deduction u/s. 80L
Sub Topic REC Infrastructure Bonds
Summary The Central Government specified that "REC Infrastructure Bonds" were pertaining to the nature of debentures, bearing distinctive numbers from Serial No. 0000001 to 2000000. Each coming up to Rs. 5000 and carrying an interest at the rate of 9% per annum, amounting to Rs. 1000 crores only.

REC Infrastructure Bonds specified as Debentures S.O. 459(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 REC Infrastructure Bonds in the nature of debentures bearing distinctive numbers from Serial No. 0000001 to 2000000, of Rs. 5000 each carrying an interest at the rate of 9% per annum, amounting to Rs. 1000 crores only (Rs. 500 crores with an option to retain over-subscription of an additional amount of Rs. 500 crores only) to be raised in one or more tranches, through public or private placement, issued by the Rural Electrification Corporation Limited, New Delhi, for the purpose of said clause.

[F.No. 178/61/2001-ITA.I]

I.P.S. BINDRA. Under Secy.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions