Central Government specifies the 7-years 14.5% Secured, Redeemable, Non-convertible and Taxable Debentures in the nature of bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L - S. O. 510(E) - Income Tax

Central Government specifies the 7-years 14.5% Secured, Redeemable, Non-convertible and Taxable Debentures in the nature of bonds issued by the Steel Authority of India Limited, New Delhi u/s 80L NOTIFICATION NO. S. O. 510 ( E ) DATED 28-6-1999 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 7-years 14.5% Secured, Redeemable, Non-convertible and Taxable Debentures in the nature of bonds (VIIth Issue--I Series) of Rs. 1,00,000 each, carrying an interest of 14.5% per annum, payable half-yearly for an amount of rupees four hundred ninety seven crores only bearing distinctive numbers from L-1 to L-49700 issued by the Steel Authority of India Limited, New Delhi, for the purpose of the said clause. [Notification No. 10979/F. No. 178/88/97-ITA-I]