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: articles on VAT and GST in India :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: due date for vat payment :: VAT Audit :: cpt :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARD :: TDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Direct Tax »
 Hopeful of meeting direct tax collection target for this financial year: CBDT
 Bengaluru tops in income tax probes after demonetisation
 Income Tax department rejects black money disclosures of over Rs 2 lakh crore
 CBDT urges people to protect bank accounts from 'unscrupulous elements'
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016
 Here’s what Income Tax Department did leading up to demonetisation
 I-T department asks IDS declarants to pay tax by November 30

Infra bonds not to be tax-free in FY17
March, 03rd 2016

The government on Wednesday clarified that the bonds that infrastructure finance companies have been allowed to issue in the next financial year would not have a tax-free status.

“These bonds will not be tax-free. Tax-free bonds distort the market,” secretary in the department of economic affairs Shaktikanta Das said here.

He said there is no proposal for allowing issue of tax-free bonds pending with the government.

Interest income on tax-free bonds is not taxed. However, capital gains arising out of trading of these bonds are subject to tax. Money invested in these bonds is not eligible for deduction from taxable income.

For the 2016-17, the government has announced in the budget that to augment infrastructure spending further it will allow six state-run companies to raise Rs 31,300 crore through bonds.

Of the total, National Highway Authority of India (NHAI) will raise Rs 15,000 crore through issue of bonds.

Other entities that will be allowed to raise funds through bonds include Power Finance Corporation, Rural Electrification Corporation, Indian Renewable Energy Development Agency, Nabard and the Inland Water Authority.

In 2015-16, these companies had been given permission to raise Rs 40,000 crore through tax-free bonds. It was done after a gap of year. Now again tax-free bonds would not be allowed.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

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