Approval of issue of tax-free bonds of India Infrastructure Finance Company Limited

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....pproval of issue of tax-free bonds of India Infrastructure Finance Company Limited <br>News and Press Release<br>Dated:- 23-1-2009<br><BR>No.402/92/2006-MC (01 of 2009) Government of India / Ministr....

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....y of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi dated the 20thJanuary 2009 PRESS RELEASE The Central Board of Direct Taxes (CBDT), vide Notification No.09/20....

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....09, have approved the issue of tax-free bonds of India Infrastructure Finance Company Limited carrying an interest rate of up to 8 percent aggregating to an amount of Rs.10,000 crore during the financ....

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....ial year 2008-09. The income from interest on the investment in these bonds will be exempt from income tax in the hands of the investor. In order to be eligible for exemption from income tax, the bon....

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....ds must be registered in the name of the holder. XXX<BR> News - Press release - PIB....