Invest in 54 ec bonds to get exemption from tax on ltcg. Tax free bonds come with a lot of attractive benefits. Nhai tax free bonds issue size is rs 10,000 crores. A few more psus are going to issue tax free bonds in coming days. National highway authority of india nhai tax free bonds. Dec 14, 2015 nhai tax free bonds 2015 suits investors who are looking for safe, regular income and are in the higher tax bracket. These bond have tenor of 5 years and the rate of interest for the bonds is 5. It is the fifth tax free bond issue in the current financial year after ntpc, pfc, rec and irfc. Application forms can also be downloaded from our website. Nhai and pfc tax free bonds the financial literates. Nhai tax free bonds 2015 issue details previous issue details. The issue is of crore rupees but can accept oversubscription of upto rupees 2698 crore. We will contact you within 24 hours or you can reach us at 1800 3 123123 investments. To download the nhai application form, click hereclick here.
What are taxfree bonds and how they work the economic times. Download forms rural electrification corporation limited. Get the current price of national highways authority of india nhai n2 in nsebse. Moneycontrol had first reported in january that nhai has set a target of rs 62,000 crore to be raised through bonds.
Nhai tax free bonds dec 2015, tranchei would open for subscription on 17 th december, 2015. Nhai is entitled, as its sole and absolute discretion, to accept or reject any application, in part or in full, without assigning any reason. National highway authority of indianhai capital gain bond. Buy tax free, tax saving bonds online download bonds. Investors can enjoy tax benefits by investing in tax free bonds. India s leading stock broking company provides online share trading platform. It is responsible for the development, maintenance and management of national highways entrusted to it and for matters connected or incidental thereto. It is the fifth taxfree bond issue in the current financial year after ntpc, pfc, rec and irfc. Below are the features and key highlights of nhai tax free bonds issue. Avail the opportunity to invest in 54ec bonds to gain tax deductions. Rural electrification corporation limited rec 54ec cgte bonds series. Invest to save capital gains tax praveen unnikrishnan april 23, 2012 add comment according to section 54ec of the income tax act 1961, long term capital gain i.
Rec limited formerly rural electrification corporation limited is a navratna company under the administrative control of the ministry of power. National highway authority of india nhai download nhai 54 ec capital gain bonds series xxi. Issue highlights, information memorandum, download application, allotment status. Dec 28, 2011 the national highways authority of india nhai has come out with a taxfree secured redeemable and nonconvertible bonds issue of the value of rs. Get the current price of national highways authority of india nhai na in nsebse. The interest income earned is exempt from tax under section 10 15 iv h of the income tax act, 1961. National highways authority of india nhai has launched series xxi of capital gain bonds us 54ec of income tax act, 1961 on 1st april 2020. Nhai tax free secured redeemable non convertible bonds. Those desirous of availing exemption from capital gains tax under section 54 ec may invest in these. Tax free bonds are covered under the provisions of sec 1015ivh of it act 1961. The issue of series xxi nhai 54ec bonds will remain open till 31st march 2021 or earlier at discretion of nhai.
Nhai likely to raise bond target for 201819 to fund. Tax saving bonds in india offered by hdfc bank is a great investment option with savings bonds at 8% p. However, provision inserted under subsection 1 of section 54ec by the finance no. Jan 20, 2014 national highways authority of india nhai has come up with another issue of its tax free bonds. The investment rationale does not change from my previous posts on tax free bonds. Dec 17, 2015 national highways authority of indias nhai is offering taxfree secured redeemable non convertible bonds to raise rs 1500 crore, with an option to retain oversubscription upto rs 8663 crore. After recent irfc tax free bonds of 2015, now it is the turn for nhai tax free bonds 2015.
Capital gain bonds invest now in 54ec bonds at karvy value. Listed below are the major benefits offered by tax free bonds. Rec 54ec capital gains tax exemption bonds series xiv. Provided further that the investment made by an assessee in the long. National highways authority of india nhai 54ec capital gain bonds. National highway authority of india nhai tax free bonds got listed on a bumper note today as per market. The size of the issue is large when compared to irfcs last issue of rs 4,532 crore. Nhai tax free bonds feb 2016, trancheii would open for subscription on 24 th february, 2016. Irfc 54ec capital gain bonds application form series iv. Nhai tax free bond application form free download as pdf file. Ntpc, pfc, rec and irfc have already come out with tax free bonds issue this fiscal. The interest rate is expected to go marginally downward. It s an online share trading portal for trading in bse and nse stocks in india.
An application form that is not complete in all respects is liable to be rejected. National highway authority of india nhai, download nhai 54 ec capital gain bonds series xxi, download, na. The interest income received from these bonds is calculated as a part of your total annual income. Shiv has just left a comment with a link to download the application form of the nhai tax free bonds. Nhai tax free bonds 2014 open for subscription investologic. You can download various forms details pertaining to bonds as mentioned below.
Nhai bonds division or lateshort credit of application money. National highways authority of india nhain2 nsebse ncd. Get the current price of national highways authority of india nhaina in nsebse. The table also shows the effective interest rate for different tax slabs. Nhai 54ec capital gain bonds issue open for fy 2012. National highways authority of india nhaina nsebse ncd. Nhai tax free bond synergee capital services pvt ltd. Tax deduction is available under section 54ec of the income tax act. National highways authority of india an autonomous body. Like i indicated in earlier tax free bonds analysis, banks are now offering very low interest rates of 8%. Interest rates offered on nhai tax free bonds 2015.
Aug, 2019 nhai tax free bonds will be issued either in physical or demat mode. As per sebi guidelines, bidding is mandatory before banking the application form, else the application is liable to get rejected. Know everything about 54ec bonds at karvy corporate. Tax free bonds are not to be confused with capital gains bonds also called infrastructure bonds. Forms must be accompanied by either a cheque or a demand draft, drawn in favour of national highways authority of india and crossed account payee only. Nhai bonds division term specified asset, from capital gains arising from transfer of one or more original assets, during the shiv has just left a comment with a link to download the application form of the nhai tax free bonds. I will focus mostly on the factual aspects on the issue in this post. Replying to a letter from nhai, the ministry said the nhai in letters dated april 11 and 14 has highlighted reasons for resuming the collection of user fee on national highways, saying that the ministry of home affairs has allowed a lot of activities with effect from april 20, including commercial and. They are also listed on stock exchanges to offer an exit route to investors. As these are tax free bonds so no tax is to be paid and there is no tds on interest. The nhai tax free bond offers the following interest rates. The bank branches will allot the required application form number and will accept the application. Power finance corporation of india pfc pfc 54ec capital gain bonds series iv. Nhai tax free bonds can deliver high capital gains when interest rates fall the.
The bond issue would be open for subscription for february 24 to march 1. The bonds are tax free, secured, redeemable and nonconvertible in nature. Nhai tax free bonds can deliver high capital gains when the. National highways authority of india nhain2 nsebse. Click here to know more about capital gain bonds in india. Nhai to resume toll collection on national highways from april 20 17 apr, 2020, 10. Nhai tax free bond application form bonds finance securities. The bonds are available in maturities of 10 and 15 years only. National highways authority of india nhai has come up with another issue of its tax free bonds. We would like to show you a description here but the site wont allow us. Nhai assumes no responsibility for any applications cheques demand drafts lost in mail or lateshort credit of application money. Dec 15, 2015 in case you want to apply in physical form, you can visit edelweiss financial services website and download nhai tax free bonds prospectus and application form at this link and follow the process. Nhai tax free bonds issue size is rs 500 crores with an option to retain another rs 2,800 crores aggregating to rs 3,300 crores. It is advisable that investors keep a photocopy of the submitted application form.
May 21, 2019 the tenure of the bonds is usually 1015 or even 20 years. The lockin period of section 54ec capital gain bonds has increased from 3 years to 5 years. Capital gain bonds issued under section 54ec by nhai or rec is one of the best ways of saving tax on longterm capital gains. Below are the interest coupon rates that are offered for retail investors. Buy capital gain bonds online india download bond application. The capital gains 54ec bonds eligible for tax deductions can be issued only by rec rural electrification corporation ltd, pfc power finance corporation ltd and nhai national highways authority of india. National highways authority of india nhai 54ec capital gain bonds series xxi. Nhai tax free bond application form download link december 27, 2011 at 1. In order to download form, click on the links below.
The national highways authority of india nhai bonds offer a coupon rate of 8. Dec 15, 2015 nhai tax free bonds issue opens on december 17, 2015 and closes on december 31, 2015. Bond refers to a security issued by a company, financial institution or government, which offers regular or fixed payment of interest in return for borrowed money for a certain period of time. Issue opens 15th jan 2014 issue closes 5th feb 2014 crisil has given a rating of aaa stable which makes the bond of decent quality with better credit guarantee. The national highways authority of india was constituted by an act of parliament, the national highways authority of india act, 1988. Rec 54ec capital gains tax exemption bonds series xiv, invest here click. National highways authority of india s nhai is offering tax free secured redeemable non convertible bonds to raise rs 1500 crore, with an option to retain oversubscription upto rs 8663 crore. Get the current price of national highways authority of india nhain2 in nsebse.
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