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: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT RATES :: cpt :: TDS :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
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

NHBs zero coupon bonds issue cleared
February, 11th 2008
10-year life, Rs 10,000 redemption value

The Central Board of Direct Taxes (CBDT) has allowed National Housing Bank (NHB) to issue before end-March 2009, 30-lakh zero coupon bonds (ZCBs) with specific tax benefits for both the issuer and investors.

Each bond would have a 10-year life period and a maturity or redemption value of Rs 10,000.

The discount would be decided by NHB at the time of issuing the bonds, official sources said. A zero coupon bond does not make interim interest payments and is sold with a large discount.

In Budget 2005-06, the Centre had rationalised tax treatment of ZCBs.

It was specified that any income on transfer of such bonds (not being stock in trade) would be treated as capital gains with effect from April 1, 2006. Consequently, long-term capital gains on such ZCBs are subject to tax at 10 per cent if the taxpayer does not claim the benefit of indexation.

It has also been specified that no tax would be deducted at source on income payable on such bonds.

Sources said NHB can now avail itself of deduction for the discount (difference between the amount received by the issuer and the amount payable at the time of maturity and redemption) on a pro rata basis related to the life period of the bond.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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