Notification No. 10976 — Debentures specified under section 80L

What this is

Notification No. 10976 was published on 28 June 1999. Its subject is Debentures 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 debentures, in the nature of bonds, namely :

(i) the Industrial Development Bank of India Regular Income Bond bearing distinctive numbers BRI-1000001 to 3222046 of the face value of rupees five thousand each ;

(ii) the Industrial Development Bank of India Growing Interest Bond bearing distinctive numbers BGI-50001 to 170219 of the face value of rupees five thousand each ;

(iii) the Industrial Development Bank of India Multi Option Bond bearing distinctive numbers BMO-00001 to 43021 of the face value of rupees five thousand each; and

(iv) the Industrial Development Bank of India Infrastructure (tax saving) Bonds bearing distinctive numbers BIF-200001 to 814714 of the face value of rupees five thousand each,

issued by the Industrial Development Bank of India, Mumbai in its public issue of bonds in Flexibond-5 Series, for the purpose of the said clause.

[F. No. 178/16/99-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

← Notification No. 10977 · Notification No. 10975 →

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.