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>New Rules 8B and 8C Introduced for Zero Coupon Bonds; Guidelines for Infrastructure Companies, Tax Computations Explained</h1> The Income-tax (3rd Amendment) Rules, 2006, effective from April 1, 2006, introduce new Rules 8B and 8C and Form 5B under the Income-tax Rules, 1962. Rule 8B outlines the guidelines for infrastructure capital companies, funds, or public sector companies to apply for notification of zero coupon bonds. Applications must be submitted with specific documents and meet conditions such as investment grade ratings and listing on recognized stock exchanges. Rule 8C details the computation of the pro-rata discount on zero coupon bonds for tax purposes. The Central Government retains the authority to approve, reject, or withdraw notifications based on compliance.
TaxTMI 
TaxTMI 
