Capital gain arising out of sale of Long term assets such as land, building etc can be invested in capital gain bonds issued by NHAI up to 50 lakh per annum within 6 month of the transfer of the capital long term asset. This investment is open for all assessee and only the capital gain amount to be invested not the whole of the net proceed from sale /transfer of the capital asset. Capital Gain Tax exemption is available under Section 54EC of the Income Tax Act.
The following table shows the full details
| Credit Rating | "AAA/Stable" by CRISIL and " AAA(ind)(Affirmed)" by Fitch Ratings |
| Face Value | Rs. 10000/- per Bond |
| Issue price | Rs. 10000/- per Bond |
| Minimum application size | One Bond of Rs. 10,000/- |
| Maximum application size | Five Hundred Bonds of Rs. 10,000/- each (Rs. 50,00,000 ) subject to fulfillment of other conditions as specified in Income Tax Act. |
| Mode of Subscription | 100% on application |
| Deemed Date of Allotment | Last day of each month for application money cleared and credited in NHAI's collection account |
| Transferability | The Bond are non-transferable, non-negotiable and cannot be Offered as a security for any loan or advance |
| Maturity | 3 years from Deemed Date of Allotment |
| Interest payment | Annual |
| Coupon rate | 6% annually |
| Redemption | Bullet, at the time of Maturity after 3 years |
| Trustee | Syndicate Bank, 6, Bhagwan Dass Road, New Delhi-01 |
| Availability of the prospectus and application form | Across the country with Union Bank of India/IDBI Bank and Selected Branches of other Bank as details in IM,NHAI Offices, Selected SEBI Registered Category-I Merchant Bankers |
| Bankers | All the Branches of Union Bank of India/IDBI Bank & Selected branches of HDFC Bank, Canara Bank, Punjab National Bank & Syndicate Bank. For details of bank branches please refer Information Memorandum (IM). |
| Ceiling | Rs.1900 Crore |
| Date of Allotment | At the last day of every month |
| Date of Start | 01.04.2011 |
| Date of Closure | 31.03.2012 |
| Applicable Laws | Income Tax Act 1961 and NHAI Act |
| Registrar | M/s Beetal Finacial & Computer Services (P) Ltd, "Beetal House",3rd Floor, 99, Madangir,Behind Local Shopping Centre, New Delhi-110062 , ph. 011-29961281-83, Fax - 011-29961284,Email- nhaibonds@gmail.com |
| TDS | No TDS from domestic investors |
Best Regards
Prakash Nair
www.keralites.net          |
__._,_.___
KERALITES - A moderated eGroup exclusively for Keralites...
To subscribe send a mail to Keralites-subscribe@yahoogroups.com.
Send your posts to Keralites@yahoogroups.com.
Send your suggestions to Keralites-owner@yahoogroups.com.
To unsubscribe send a mail to Keralites-unsubscribe@yahoogroups.com.
Homepage: www.keralites.net
To subscribe send a mail to Keralites-subscribe@yahoogroups.com.
Send your posts to Keralites@yahoogroups.com.
Send your suggestions to Keralites-owner@yahoogroups.com.
To unsubscribe send a mail to Keralites-unsubscribe@yahoogroups.com.
Homepage: www.keralites.net
MARKETPLACE
.
__,_._,___
