Government Allows NHAI to Issue Tax Free Infrastructure Bonds

By Sneha B K
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Government has allowed National Highways Authority of India (NHAI) to issue Tax Free Infrastructure Bonds aggregating to Rs 24000 crore and Capital Gain Tax Exemption Bonds aggregating to Rs 4000 crore in the financial year 2015-16.

    Ministry of Finance, Department of Economic Affairs has conveyed their in-principle approval for issue of Tax Free Infrastructure Bonds on April 17.

    Government Allows NHAI to Issue Tax Free Infrastructure Bonds

    However, no such concurrence is required for issue of Capital Gain Tax Exemption Bonds.

    Tax Free Infrastructure Bonds to be issued by NHAI is likely to be having tax benefits under section 10(15) (iv) (h) of Income Tax Act 1961. 

    This information was given by Minister of State for Ministry of Road Transport & Highways, Shri Pon Radhakrishnan in a written reply in the Lok Sabha today.

    GoodReturns.in

    Story first published: Friday, April 24, 2015, 9:33 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more