23 December 2011

Tax free 8.30% p.a. interest with NHAI (Govt of India) TAX FREE bonds

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We are pleased to present you an opportunity to invest in the Public Issue of “AAA” Rated, TAX FREE, SECURED, REDEEMABLE NCDs by NHAI (National Highway Authority of India) a Govt of India company. The issue carries attractive TAX Free interest rate of 8.20% - 8.30%. The NCDs are available in 2 options – 10 & 15 Yrs. The debentures are allotted on a first cum first serve basis and in demat mode only which is expected to get oversubscribed within 1 or 2 days.

Issue Details:
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The issue opens on Dec 28, 2011 and closes on Jan 11, 2012.
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2 comments:

  1. RagaDecember 25, 2011 at 6:21 PM

    I am a US citizen in India paying tax to both US and India. Will the interest on these bonds which are tax free in India be subject to US tax?

    ReplyDelete
  2. Bin DasDecember 28, 2011 at 12:01 AM

    Sorry, we are not sure about US tax laws.
    Best to consult a US tax expert.

    ReplyDelete

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