abhishreshthaa

New member
The public financial institutions have been issuing capital gain bonds or debentures. IDBI, SIDBI, ICICI, NHB, HUDCO are some of the examples of institutions which issued these bonds. They carry the interest rate fixed by RBI and are available through out the year at a number of outlets.


They are meant for investment of capital gains for the purpose of exemption from capital gains tax to the extent of 100 percent. Interest tax Act up to a certain ceiling. The bond market has also witnessed the issue of NRI bonds.


These are US dollar denominated bank instruments in the form of promissory notes offered by the SBI to NRIs. They serve the purpose of remitting to India dollar denominated funds of the NRI.
 

jiten005

Banned
The public financial institutions have been issuing capital gain bonds or debentures. IDBI, SIDBI, ICICI, NHB, HUDCO are some of the examples of institutions which issued these bonds. They carry the interest rate fixed by RBI and are available through out the year at a number of outlets.


They are meant for investment of capital gains for the purpose of exemption from capital gains tax to the extent of 100 percent. Interest tax Act up to a certain ceiling. The bond market has also witnessed the issue of NRI bonds.


These are US dollar denominated bank instruments in the form of promissory notes offered by the SBI to NRIs. They serve the purpose of remitting to India dollar denominated funds of the NRI.

Hi dear, thanks for your contribution and i am really glad to see that you shared such a nice report on public financial institutions. BTW, i am also adding some more detailed information on public financial institutions.
 

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