Notification No. 50E

VIIth Series Issues 7-years 16 specified under section 80L

What this is

Notification No. 50E was published on 18 January 1995. Its subject is VIIth Series Issues 7-years 16 specified under section 80L.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.80L	no counterpart recorded

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

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 VIIth Series Issues 7-years 16.5% (Taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-14671801 to G-14971800 of Rs. 1,000 each aggregating for an amount of Rs. 30 crores (Rupees thirty crores only), 7-years 17.5% (Taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-14971801 to G-17771800 of Rs. 1,000 each aggregating for an amount of Rs. 280 crores (Rupees two hundred eighty crores only), 7-years 17.25% (Taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-17771801 to G-18021800 of Rs. 1,000 each aggregating for an amount of Rs. 25 crores (Rupees twenty-five crores only), 7-years 16.8% (Taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-18021801 to G-18121800 of Rs. 1,000 each aggregating for an amount of Rs. 10 crores (Rupees ten crores only), 7-years 15% (Taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-18121801 to G-18221800 and from G-18471801 to G-18821800 of Rs. 1,000 each aggregating for an amount of Rs. 45 crores (Rupees forty-five crores only), 7-years 15.5% (Taxable Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-18221801 to G-18471800 and from G-18821801 to G-20071800 of Rs. 1,000 each aggregating for an amount of Rs. 150 crores (Rupees one hundred fifty crores only), 7-years 14% (taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-20071801 to G-20171800 of Rs. 1,000 each aggregating for an amount of Rs. 10 crores (Rupees ten crores only), 5-years 14% (Taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-20171801 to G-20321800 of Rs. 1,000 each aggregating for an amount of Rs. 15 crores (Rupees fifteen crores only), 7-years 13.5% (Taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-20321801 to G-20371800 of Rs. 1,000 each aggregating for an amount of Rs. 5 crores (Rupees five crores only), and 5-years 13.5% (Taxable) Secured Redeemable Non-cumulative Bonds bearing distinctive numbers from G-20371801 to G-20621800 of Rs. 1,000 each aggregating for an amount of Rs. 25 crores (Rupees twenty-five crores only) issued by Nuclear Power Corporation India Limited, New Delhi, for the purpose of the said clause.

[Notification No. 9690 (F. No. 178/94/94-ITA-I)

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 117 — Following debentures specified under section 3 24 March 2005
Notification No. 116 — Following debentures specified under section 3 24 March 2005
Notification No. 115 — Following debentures specified under section 3 24 March 2005
Notification No. 50 — A notification under section 3 of the Income-tax Act, 1961 11 February 2005
Notification No. 49 — Notification Notification No. 49/2005, Dated 11-2-2005 11 February 2005
Notification No. 48 — Following debentures specified under section 3 11 February 2005

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.