Reduction in Coupon Rate on 54 EC Bonds from 6% P.A. to 5.25% P.A.
National Highways Authority of India (NHAI) has been issuing long term Capital Gain Tax Exemption Bonds u/s 54EC of Income Tax Act 1961. The applicable rate of interest for bond series has been amended w.e.f 1stDecember, 2016 as detailed below:
(i) Application Money to be credited in NHAI’s Collection Accounts on or after 1st December, 2016 will be 5.25% P.A. till maturity of bonds.
(ii) Application Money to be credited in NHAI’s Collection Accounts on or before 30thNovember 2016 will remain 6% P.A. till maturity of bonds.
Therefore, the Information Memorandum (IM) dated 07th April 2016, Application Form and the Bond Certificate stands amended to the extent of Interest Rate/Coupon Rate as above.
All the other terms and conditions of the IM for the above series which is available on the website www.nhai.org will remain same.
Ministry of Road Transport & Highways 30-November, 2016