Recently Central Government authorizes has issued a notification regarding Tax Free Bonds. Central Government hereby authorized the entities to issue Tax Free non-convertible Tax Free Bonds during the Fin. Year 2015-16. The conditions to purchase it as under :
1. Eligibility : The following shall be eligible to subscribed to the bonds:
1) Retail Individual Investors
2) Qualified Institutional Buyers
3) corporate (including statutory corporations), trusts, partnership firms, Limited Liability Partnerships, co-operative Banks, regional rural banks and other legal entities, subject ot compliance with their respective Acts, and
4) High Net-worth Individuals.
(Click Here) to Detailed Terms & Conditions of Tax Free Bonds.
