NATIONAL HIGHWAYS AUTHORITY OF INDIA
An autonomous body under Ministry of Road Transport & Highways,
Government of India
G-5 & 6, Sector-10, Dwarka, New Delhi-110075
Reduction in Coupon Rate
on 54EC Bonds from 6% P.A. to 5.25% P.A.
NHAI has been issuing long term Capital Gain Tax Exemption Bonds u/s 54EC of Income Tax Act 1961.
It is for the information of the intending investors that the applicable rate of interest for bond series has been amended wef 01.12.2016 as detailed below:
(i) Application Money to be credited in NHAI’s Collection Accounts on or after 1st December 2016 will be 5.2 5% P.A. till maturity of bonds
(ii) Application Money to be credited in NHAI’s Collection Accounts on or before 30th November 2016 will remain 6% P.A. till maturity of bonds
Therefore, the Information Memorandum (IM) dated 07th April 2016, Application Form and the Bond Certificate stands amended to the extent of Interest Rate/Coupon Rate as above.
All the other terms and conditions of the IM for the above series which is available on the website www.nhai.org will remain same.
G. M. (Finance)
Note: The above notice shall not constitute an offer to public for subscription for the said bonds.
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018