tax free bonds

IRFC Tax Free Bonds Tranche II – Key Features & Tax Benefits

Income Tax - IRFC is issuing Tranche II of Tax Free Bonds from 28 Feb 2014 to 07 Mar 2014. Key Features of the issue are as follows :- Indian Railway Finance Corporation Ltd is fully owned by the Government of India and is a dedicated financing arm of the Ministry of Railways....

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Product Note of National Housing Bank (NHB) Tax free bonds

Income Tax - National Housing Bank (NHB) has decided to play Santa this Christmas and has announced an issue of tax free bonds with coupon/ interest rates as under:...

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Taxability and Salient Features of IRFC Tax Free Bonds

Income Tax - The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds and the interest on the Bonds will not form part of the total income as per provisions u/s. 10 (15) (iv) (h) of I.T. Act, 1961...

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HUDCO – Tax Free Bonds – Tax Benefits

Income Tax - Salient features of the bond issue (Tranche I) a. Issue Opens on – January 09, 2013 b. Issue Closes on – January 22, 2013 c. The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds and the interest on the Bonds will not form part of the total income as per provisions […]...

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Tax Free Bonds V/S Tax Saving Bonds

Income Tax - The basic difference between Tax Free Bonds and Tax Saving Bonds is Tax free Bonds yields Interest which is not taxable in the hands of Investor whereas in case of Tax Saving bonds it is chargeable to Tax in hands of Investor. Investor gets Deduction under Section 80CCF if he invests in Infrastructure Tax Saving Bonds up to Rs. 20,00...

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Bangalore Metro to float tax-free bonds to raise Rs 2,000 crore

Income Tax - The Bangalore Metro Corporation (BMRC) will issue a tax free Metro Bond to raise Rs 2,000 crore for the first phase of the project. The bond, pending with the Union Finance Ministry at present for clearance, is expected to hit the market in a few days, the Union Urban Development Secretary Sudhir Krishna said on Friday. ...

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IRFC receives bids of over Rs 300 crore on first day for tax-free bonds

Income Tax - The tax-free bonds of Indian Railway Finance Corporation (IRFC) received bids of over Rs 300 crore on the very first day after it opened for subscription on Monday, according to distributors of the bonds. IRFC plans to raise Rs 1,000 crore through ...

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Infrastructure special purpose vehicles (SPV) to get nod for tax-free bonds

Income Tax - The government may soon allow infrastructure special purpose vehicles (SPVs) to raise long-term funds by issuing tax-free bonds to individual households. The scheme is an extension of a plan to allow private infrastructure firms to issue such securities, which was announced by finance minister Prana Mukherjee in March....

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Budget may not fulfill the demand of banks to allow them to issue tax-free infrastructure bond

Income Tax - The long-standing demand of banks that they be allowed to issue tax-free bonds to fund long-term infrastructure projects may not be accepted by the government and included in the Budget. The government has not found any reason to accept the demand, especially at a time when the state of its finances has gone awry....

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Bankers may meet RBI on 14th to discuss relaxation in lending norms

Income Tax - Relaxation in the norms relating to infrastructure lending and 70 per cent loan loss coverage ratio are likely to top the agenda when bankers meet Reserve Bank of India on January 14, ahead of the quarterly policy review. "Banks will press their demand to relax the norms on infrastructure lending. They may also ask for some easing in the ...

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Recent Posts in "tax free bonds"

IRFC Tax Free Bonds Tranche II – Key Features & Tax Benefits

IRFC is issuing Tranche II of Tax Free Bonds from 28 Feb 2014 to 07 Mar 2014. Key Features of the issue are as follows :- Indian Railway Finance Corporation Ltd is fully owned by the Government of India and is a dedicated financing arm of the Ministry of Railways....

Read More
Posted Under: Fema / RBI |

Product Note of National Housing Bank (NHB) Tax free bonds

National Housing Bank (NHB) has decided to play Santa this Christmas and has announced an issue of tax free bonds with coupon/ interest rates as under:...

Read More
Posted Under: Fema / RBI |

Taxability and Salient Features of IRFC Tax Free Bonds

The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds and the interest on the Bonds will not form part of the total income as per provisions u/s. 10 (15) (iv) (h) of I.T. Act, 1961...

Read More
Posted Under: Fema / RBI | ,

HUDCO – Tax Free Bonds – Tax Benefits

Salient features of the bond issue (Tranche I) a. Issue Opens on – January 09, 2013 b. Issue Closes on – January 22, 2013 c. The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds and the interest on the Bonds will not form part of the total income as per provisions […]...

Read More
Posted Under: Fema / RBI | ,

Tax Free Bonds V/S Tax Saving Bonds

The basic difference between Tax Free Bonds and Tax Saving Bonds is Tax free Bonds yields Interest which is not taxable in the hands of Investor whereas in case of Tax Saving bonds it is chargeable to Tax in hands of Investor. Investor gets Deduction under Section 80CCF if he invests in Infrastructure Tax Saving Bonds up to Rs. 20,00...

Read More
Posted Under: Fema / RBI | ,

Highlights of REC Tax Free Bonds

REC – Tax Free Bonds- Issue is likely to open on 6th March 2012.Likely Coupon for 10 years series 7.93% & for 15 years series 8.12% with a step up additional coupon of 0.20% for Retail Investors in both the series. Tax benefits u/s 10 (15) (iv) (h) of the Income Tax Act, 1961 – interest on these Bonds shall not form part of Total ...

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Posted Under: Fema / RBI | ,

Bangalore Metro to float tax-free bonds to raise Rs 2,000 crore

The Bangalore Metro Corporation (BMRC) will issue a tax free Metro Bond to raise Rs 2,000 crore for the first phase of the project. The bond, pending with the Union Finance Ministry at present for clearance, is expected to hit the market in a few days, the Union Urban Development Secretary Sudhir Krishna said on Friday. ...

Read More
Posted Under: Fema / RBI |

Salient Features of IRFC Tax Free Bonds – Opening on 27 Jan 2012

Indian Railway Finance Corporation Ltd - Issue period: 27 January 2012 to 10 February 2012. Issue of Tax Free Secured Redeemable Non Convertible Bonds . Basis of allotment: On a first-come-first-serve basis within each category. The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form ...

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Posted Under: Fema / RBI | ,

Housing and Urban Development Corporation Limited (Hudco) -Tax benefits and silent Features of proposed tax Free Bond issue

Salient features of the proposed bond issue- 1. The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible Debentures and the interest on the Bonds will not form part of the total income. 2. In case of over-subscription; allotment shall be on first cum first serve basis up to the date falling 1 day prior to the dat...

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Posted Under: Fema / RBI |

Salient Features of Tax Free Bonds Proposed to be issued by Indian Railway Finance Corporation Limited

TAX BENEFITS ON PROPOSED ISSUE OF TAX FREE BONDS BY INDIAN RAILWAY FINANCE CORPORATION LIMITED The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of IT Act. There will be no deduction of tax at source from the interes...

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Posted Under: Fema / RBI |
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