Budget 2015-2016:
Tax-free infrastructure bonds worth Rs 20,000 crore to be introduced
Tax-Free Infrastructure bonds are back.
Keeping the focus on the
infrastructure development, especially for railways & roads, the finance
minister Mr. Arun Jailty announced that the bonds worth Rs 20,000 crores will be introduced.
The interest on these bonds will tax-free and the maturity will be after the
long term tenure of 10 to 15 years.
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