<h1>Government Approves NHAI to Issue Rs. 24,000 Crore Tax-Free Infrastructure Bonds with Section 10(15)(iv)(h) Benefits.</h1> The government has authorized the National Highways Authority of India (NHAI) to issue Tax-Free Infrastructure Bonds amounting to Rs. 24,000 crore and Capital Gain Tax Exemption Bonds totaling Rs. 4,000 crore for the financial year 2015-16. The Ministry of Finance, through the Department of Economic Affairs, has granted in-principle approval for the issuance of these Tax-Free Infrastructure Bonds, which are expected to provide tax benefits under section 10(15)(iv)(h) of the Income Tax Act 1961. No approval is needed for the Capital Gain Tax Exemption Bonds. This information was disclosed by a government official in a written response in the Lok Sabha.