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

NOTICE

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.

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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.

Sd/-

Sanjeev Kumar

G. M. (Finance)

Note: The above notice shall not constitute an offer to public for subscription for the said bonds.

More Under Income Tax

Posted Under

Category : Income Tax (25143)
Type : News (12609)
Tags : section 54EC (77)

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