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: VAT RATES :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: Central Excise rule to resale the machines to a new company :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: TDS :: VAT Audit :: due date for vat payment :: empanelment
 
 
News Headlines »
 Filing income tax return to become simpler from next month
 Here's why that big tax refund isn't great news for you
 Filing tax returns to be less painful as government simplifies ITR forms
 Here’s how the new tax provisions will impact you in 2017-18
 Income-tax (3rd Amendment) Rules, 2017
 How you can save tax in the last 2 days of current FY
 6 important income tax rules for individuals which will change from April 1, 2017
 Key changes in income tax rates individuals need to look at from 1 Apr
 Provisional Enrollment under Goods and Service Tax (GST)
 Ten income tax changes that will come in to effect from April 1
 New income tax provisions you need to be aware of

Tax-free bonds from IIFCL
February, 20th 2009

India Infrastructure Finance Company Ltd (IIFCL) has launched the second tranche of its tax-free bonds, aiming to mobilise Rs 2,370 crore through the private placement route.

The bond offering is for Rs 1,000 crore with a greenshoe option. Under this offering, there is an overall cap of Rs 2,630.7 crore that we could raise, a IIFCL official said. The closing date for the issue is March 6.

IIFCL has also, this time round, reduced the ticket size of investment to Rs 10 lakh to expand the participation of individuals in the private placement.

Govt to convert MSS bonds for Rs 45,000 cr borrowing

In the first tranche, the minimum investment level was pegged at Rs 1 crore and IIFCL had raised Rs 7,369.30 crore.

The tax-free bonds will carry 6.85 per cent interest payable annually and a term of five years.

More tax-free bonds from IIFCL

For 2008-09, the central board of direct taxes had approved tax benefits for bonds amounting to Rs 10,000 crore.

Meanwhile, IIFCL has recorded a net profit of Rs 51.25 crore for the nine-month period ended December 2008 as compared with net profit of Rs 11.38 crore recorded in the same period in the previous year.

Operating profit for the period under review touched Rs 123.17 crore (Rs 23.24 crore).

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

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