https://www.taxtmi.com/article/detailed?id=13665 An Infrastructure Debt Fund (IDF) must be established as an NBFC or mutual fund under RBI or SEBI regulation, with income exempt under Section 10(47). Under Rule 2F, IDF funds may invest only in post commencement infrastructure projects with at least one year of commercial operation or in toll operate transfer projects, and any single project/group exposure is limited to 20% of corpus. IDFs may issue rupee or foreign currency bonds (including zero coupon bonds under Rule 8B) or raise External Commercial Borrowings subject to RBI/FEMA directions, and investments are barred where specified shareholders or associated enterprises hold a substantial interest. en-us Thu, 27 Feb 2025 08:16:43 +0530 Thu, 27 Feb 2025 08:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13665 An Infrastructure Debt Fund (IDF) must be established as an NBFC or mutual fund under RBI or SEBI regulation, with income exempt under Section 10(47). Under Rule 2F, IDF funds may invest only in post commencement infrastructure projects with at least one year of commercial operation or in toll operate transfer projects, and any single project/group exposure is limited to 20% of corpus. IDFs may issue rupee or foreign currency bonds (including zero coupon bonds under Rule 8B) or raise External Commercial Borrowings subject to RBI/FEMA directions, and investments are barred where specified shareholders or associated enterprises hold a substantial interest. Articles Income Tax Thu, 27 Feb 2025 08:16:43 +0530 https://www.taxtmi.com/article/detailed?id=13665