TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Infrastructure Debt Fund Setup: Section 10(47) Rules for NBFC Compliance, Investment Limits, and Tax Conditions Explained.</h1> The guidelines for setting up an Infrastructure Debt Fund (IDF) under clause (47) of section 10 require the IDF to be established as a Non-Banking Financial Company in compliance with Reserve Bank of India regulations. The IDF's funds must be invested in infrastructure projects that have been operational for at least one year or in toll-operate-transfer projects. The IDF can issue rupee or foreign currency bonds, zero coupon bonds, or raise funds through external commercial borrowings, with specific terms dictated by RBI guidelines. Investments in individual projects must not exceed 20% of the fund's corpus, and the IDF must not invest in projects where it has a substantial interest. The fund must file its income returns as required, and failure to meet conditions results in loss of tax exemption.
TaxTMI 
