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 Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Noida Toll Bridge Co. Ltd. authorized to issue FCDs and DDBs under Section 54EA; conditions apply on investment transfers.</h1> The Central Board of Direct Taxes has specified that Noida Toll Bridge Company Limited is authorized under Section 54EA of the Income-tax Act, 1961, to issue Fully Convertible Debentures (FCDs) up to 25 crore rupees and Deep Discount Bonds (DDBs) up to 40 crore rupees. These financial instruments must be issued within one year from the notification's publication date. Investments in these debentures or bonds must be made from the net consideration of long-term capital asset transfers. If the investor transfers or converts these instruments within three years, the initial investment will be taxed as a capital gain.
TaxTMI 
TaxTMI 
