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Income Tax - One of my friends, who had already decided to invest his retirement savings in such a way so that he does not have to pay any tax after his retirement and so wanted to invest in tax free bonds, had called me to know about the tax-free bonds available. I discussed the matter threadbare with […]...
Read MoreIncome Tax - The government has executed a re-think on the outstanding GST compensation issues by announcing intent to borrow itself under the Option 1 amount of INR 1,10,000 crores and allocating this to states as loans. It may be remembered that earlier the center had apparently insisted that, while it will ‘facilitate’ the borrowing for states,...
Read MoreIncome 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...
Read MoreIncome 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....
Read MoreIncome 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:...
Read MoreIncome Tax - Government of India has announced to launch of 7.75% Savings (Taxable) Bonds, 2018 commencing from 10th January 2018 to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling. The main features of the Bonds are: ...
Read MoreIncome 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. ...
Read MoreIncome 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 ...
Read MoreIncome 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....
Read MoreIncome 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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