How To Save Tax In Case Of Deep Discount Bond?

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I hold ten Deep Discount bonds issued in 1996 by ICICI Bank with face value( redemption value) of Rs. 16000 each.The issue price was Rs. 4000 each. I have not declared interest accrued annually in my tax return. The Bonds shall be due for redemption in October 2008. Please inform the best way to saveā€¦

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