Approval of issue of tax-free bonds of India Infrastructure Finance Company Limited

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..... Approval of issue of tax-free bonds of India Infrastructure Finance Company Limited - News and Press Release Dated:- 23-1-2009 - News - No.402/92/2006-MC (01 of 2009) Government of India / Min .....

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..... istry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi dated the 20 th January 2009 PRESS RELEASE The Central Board of Direct Taxes (CBDT), vid .....

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..... e Notification No.09/2009 , have approved the issue of tax-free bonds of India Infrastructure Finance Company Limited carrying an interest rate of up to 8 percent aggregating to an amount of Rs.10,00 .....

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..... 0 crore during the financial year 2008-09. The income from interest on the investment in these bonds will be exempt from income tax in the hands of the investor. In order to be eligible for exemptio .....

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..... n from income tax, the bonds must be registered in the name of the holder. XXX - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM .....

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..... I - TaxTMI - TMITax .....

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