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NHAI reduces coupon rate on capital gain tax exemption bond

IANS  |  New Delhi 

The National Authority of (NHAI) on Wednesday said it has reduced the coupon rate on capital gains exemption bonds from 6 percent per annum to 5.25 percent per annum.

"NHAI has been issuing long term capital gain exemption bonds under section 54 EC of Act 1961. The applicable rate of interest for bond series has been amended with effect from December 1," as per an official release.

Coupon rate is the rate of interest paid by bond issuers on the bond's face value. It is the periodic rate of interest paid by bond issuers to its purchasers.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 22:24 IST
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