After NTPC, PFC – Power Finance Corporation – Govt Of India undertaking financial institution which promotes efficient investments in Indian power and allied sectors will open tax free bonds for subscription. PFC will offer Tax Free Bonds for duration of 10yrs, 15yrs and 20yrs. PFC will raise Rs.700 crore through the issue of Tax Free…
7.62% NTPC Tax Free Bonds Sept 2015:
Recently Govt have allowed few public sector companies to raise capital through Tax Free bonds. NTPC – A Maharatna status – Govt of India enterprise has come up with issue of Secured, tax free bonds issue which will open on September 23, 2015. NTPC is one of the largest power generation and distribution company have…
Tax Free Bonds 2015-2016:
Recently Govt allowed 7 PSUs to raise Rs.40,000 crore through Tax Free bonds.As name “Tax Free bonds” indicates , interest income received from these bonds will be free from income tax. Interest from other instruments like Fixed Deposits,NCDs is of taxable nature and so if any one has good principal amount in hand and requirement…