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% :: empanelment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: form 3cd :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: TDS :: VAT RATES
 
 
« General »
 Income Tax notification: Aadhaar-PAN linking must from July 1
 Filing ITR just got easier for salaried class with CBDT's one-page form
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready

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