Iifcl tax free bonds synergee capital services pvt ltd. Security isin number details face value issue date maturity date interest rate int payment date putcall option security isin number details face value issue date maturity date interest rate int payment date putcall option india infrastructure finance company limited ine787h07164 6. Get the live bond pricequoterate for bonds listed in bsense. Investor can avail tax exception for the investments made upto rs 20,000 under section 80ccf.
Also find information about stock prices, national stock market analysis, stock market news and investment tips. These bonds are taxfree infra bonds that the he had announced while these will not qualify for. Tax free bonds india, tax saving investment, how to invest. Download application form for iifcl tax free bonds. Iifcl finances infrastructure projects in sectors like power. We have provided complaint register form and suggestion box in our office premises. India infrastructure finance company proposes to raise upto rs 500 crore with an option to retain over subscription upto rs 2,000 crore aggregating to rs 2,500 crore through tax free bonds issue of secured redeemable nonconvertible debentures. Agreement refinance scheme application formrefinance scheme credit enhancement. India infrastructure finance company limited tax free bonds. Taxability of iifcl tax free bonds issue opening on 26. Income from these bonds in form of interest is fully exempted from income tax. Iifcl projects limited and iifcl asset management company limited. Since these are taxfree bonds, the posttax returns you earn on these bonds are better than what you would have earned for fixed deposits around 6.
Also find information about stock prices, national. Salient features of the proposed tax free bonds tax benefits us 10 15 iv h of the income tax act, 1961 interest from these bonds shall not form part of total income of any person assessee. You can avail these bonds in physical form as well as in demat mode. With the proposed taxfree bonds issue, iifcl will be achieving the mandate to raise rs 10,000 crore under this route in the current year as it had already issued rs 4,200crore taxfree bonds earlier this. The income by way of interest on these bonds shall not form part of total income as per provisions under section 10 15 iv h of income tax act 1961. India infrastructure finance company limited iifcl tax free bond feb 2014 tax free interest rate up to 8. Personalfn analyses the issue and shares its views on whether this is a suitable. Iifcl shall pay interest on the amount for which bonds are allotted to the applicants except asba applicants subject to deduction of income tax under the income tax act, as applicable to the allottee. All about tax free bonds in india 2018 goodreturns.
Review of iifcl tax free bonds tranche iii february 2014. India infrastructure finance company proposes to raise upto rs 500 crore with an option to retain over subscription upto rs 2,000 crore. Rural electrification corporation limited rec, a navratna central public sector enterprise under ministry of power, was incorporated on july 25, 1969 under the companies act 1956. As per sebi guideline, bidding is mandatory before banking the application form. It s an online share trading portal for trading in bse and nse stocks in india. Iifcl tax savings infra bond issue opens on 4th feb the issue will open for subscription from friday, february 4, 2011, and will close on friday, march 4, 2011, or on such earlier date or extended.
The company shall ensure that the tax free bonds issued through public. India infrastructure finance company limited iifcl will open its public issue of tax free secured redeemable non convertible bonds of facevalue of rs. Tax free bonds are not to be confused with capital gains bonds also called infrastructure bonds. Yesterday, indian infrastructure finance company limited iifcl launched its taxfree bond issue. The company shall ensure that the tax free bonds issued through. Tax free bonds are covered under the provisions of sec 1015ivh of it act.
Trance 2 of iifcl was oversubscribe within one day in the month of dec 20. Iifcl tax free bonds 20 14 tranche ii prospectus tranche. Download application form for iifcl tax free bonds here important do read the bidding related information before submitting the application to the banker or call 8800770 for queries the government has allowed these public sector institutions to raise rs 48,000 crore through taxfree bonds in 2014 to meet their infrastructure investment. India infrastructure finance company limited iifcl tax. Mr mukherjee has proposed to raise rs 60,000 crore in 2012 for financing infrastructure projects. Iifcl to raise up to rs 2,500 crore via tax free bonds. Iifcl provides financial assistance to the projects in specified sectors of infrastructure such as roads, ports, airport, power etc by way of. Iifcl tax savings infra bond issue opens on 4th feb. Iifcl has come up with a tax free bond issue of rs 3000 crore.
Iifcl has announced a public issue of secured nonconvertible taxfree bonds tranche ii, open for subscription from dec 09, 20 to jan 10, 2014. India infrastructure finance company limited iifcl is a whollyowned government company, incorporated under the companies act in january 2006, pursuant to sifti. Iifcl has announced a public issue of secured nonconvertible taxfree bonds open for offer from oct 03, 20 to oct 31, 20. With the market flooded with taxfree bonds, iifcl is the latest.
Iifcl is a government of india enterprise which is involved in providing long term financial assistance to various infrastructure projects. Bondsdebentures traded today, infrastructuregovttax savingcorporate bonds 2020, list of bonds. After rec and pfc, iifcl will become the third company to launch its taxfree bonds this financial year from december 26th. Funds raised through the issue would be used for the lending activities of the state run infrastructure lending firm. However, trading in bonds shall be compulsorily in dematerialized form. Guide to personal finance investments, income tax, insurance, deals and offers. The company shall ensure that the tax free bonds issued through public issue and private placement. Iifcl to raise rs 2,500 cr via taxfree bonds india infrastructure finance company iifcl proposes to raise up to rs 2,500 crore through public issue bond. Application form downloaded from the websites of the stock exchanges. Tenor 10 years 15 years 20 years interest payment annual annual annual coupon 8.
Prospectus tranche karvy investment banking about us. India s leading stock broking company provides online share trading platform. Iifcl taxfree bond to hit market tomorrow to raise rs 2,500 crore. Taxability of iifcl tax free bonds issue opening on 26 dec 2012. Tax free bonds for retail investors come with a maturity period from 10 to 15 years. The tax free bonds from iifcl would be listed on the exchanges, thus offering you. India infrastructure finance company limited iifcl will open its public issue of tax free bonds of the facevalue of 1,000 each in the nature of secured, redeemable, nonconvertible bonds, having benefits. Taxfree bonds shelf prospectus for public issue of taxfree bonds.
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