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 :: TDS :: list of goods taxed at 4% :: form 3cd :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: cpt :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARD
 
 
General »
 Companies should invest in upgradation of tax technology
 Top House tax writer suggests measures to mitigate the impact of the border tax
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court

NHAI launches tax-free bonds to raise up to Rs 4,000 cr
May, 14th 2009

The National Highways Authority of India (NHAI) has launched tax-free bonds to raise up to Rs 4,000 crore in the current fiscal to fund its road projects.    

"The NHAI plans to raise at least Rs 3,000 crore through the tax-free bonds in 2009-10 to fund various highways projects. It had raised Rs 1,700 crore in the previous fiscal (2008-09) to strengthen the sector," NHAI Member (Finance) A Didar Singh told PTI.     

The government has allowed National Highways Authority of India (NHAI) to raise up to Rs 4,000 crore through tax-free bonds in the current fiscal.     

The three-year bonds, priced at Rs 10,000 each, carries a coupon rate of 6.25 per cent per annum and will qualify for income tax exemption under section 54 EC of the Income-Tax Act, 1961.     

The subscription for bonds, which opened on May 11, would be closed on March 31, 2010.     

The minimum application size for the non-transferable bonds has been fixed at five bonds (Rs 50,000) and maximum at five hundred (Rs 50 lakhs).     

The bonds are non-negotiable and can not be pledged as a security to seek any loan.     

Singh further said negotiations were also in advanced stage with the Asian Development Bank (ADB) for procuring 400 million dollar loan for the road sector.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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