Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: list of goods taxed at 4% :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: empanelment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: form 3cd
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Core sector bonds may be tax-free
February, 07th 2007
In a move that will have major implications for infrastructure financing in India, the finance ministry and the Reserve Bank of India are discussing the possibility of allowing tax-exempt status to long-term infrastructure bonds raised by commercial banks. 
 
Sources said Finance Minister P Chidambaram might make an announcement in this connection in Budget 2007-08, as part of his overall strategy for raising long-term finance for infrastructure. 
 
The tax exemption on such bonds, which cover tenors of 10 to 20 years, is considered the key to mopping up savings from the general public. Though banks are eligible to issue infrastructure bonds under RBI guidelines, none have done so for lack of appetite from retail buyers. 
 
Making infrastructure bonds eligible for tax exemptions will put them on a par with other tax-saving instruments, said a public sector bank chief. Major banks like ICICI Bank and IDBI said they would raise around Rs 4,000 crore each through infrastructure bond issues if the government provided tax benefits for investors in these longer-term instruments. 
 
Many commercial banks have a large exposure to the infrastructure sector, but face an asset-liability mismatch because they mobilise short-term deposits, whereas infrastructure lending is typically long term. 
 
Infrastructure funding, which the government is focussing on to sustain 9 per cent economic growth, is likely to figure prominently in the Budget. Chidambaram has said the infrastructure sector needs nearly $320 billion over the next five years. 
 
In December last year, he appointed a committee headed by HDFC Chairman Deepak Parekh to suggest new instruments and measures to finance infrastructure development. The group is yet to submit its report.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions