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Author Archives: wealth18

NHB Tax Free Bonds – Dec 2013 to Jan 2014 – Details

Last updated : 8th April, 2014 National Housing Bank (NHB) is targeting to raise up to Rs 1,000 crore with an option to retain over-subscription up to Rs.2,100 crore. The issue is open from 30-Dec-2013 to 31-Jan-2014   On 1st day of issue itself, it is oversubscribed by 2.08 times the issue size National Housing Bank  (NHB) Tax Free Bonds  Details Series I Series II Series III Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.51% 8.88% 9.01% Effective Pre-Tax Yield (30% tax slab) 12.32% 12.85% 13.04% Effective Pre-Tax Yield (20% tax slab) 10.72% 11.18% ... Read More »

New Rule for HRA exemption – Landlord’s PAN must when rent paid per annum is Rs 1 lakh

Last updated : 9th April, 2014 Till now, employees were required to submit the rent agreement / stamped rent receipts etc, to their employer to get HRA exemption. In FY 2011-2012, Landlord’s PAN was made mandatory if rent paid was more than Rs 180000 per annum (Rs 15000/ month). But now from FY 2013-2014, if annual rent paid is more than Rs.1 lakh per annum (i.e. Rs 8333 per month) , it is mandatory for the employee to give PAN of the landlord. What is this new circular ? “”   In a recent circular from Central Board of Direct Taxes ... Read More »

India Infoline Housing Finance (IIHFL) NCD – IIFL Home Bonds – Dec 2013 – Details & Review

Last updated : 2nd May, 2014 India Infoline Housing Finance Limited (IIHFL), the housing finance arm of India Infoline Limited, plans to open  public issue of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 1,000 each.  – IIFL Home Bonds Recently. India Infoline Finance Limited, parent company of IIHFL, raised Rs 1,050 crores,through NCDs. Issue open & Close :  12 Dec 2013 to 20 Dec 2013 Type of Instruments – Secured Redeemable & non-Convertible Debentures –  NCDs Size of Issue – Rs 250 crore through this issue, with an option to retain oversubscription upto Rs 250 crore, aggregating ... Read More »

IIFCL Tax Free Bonds Tranche 2 – Dec 2013 – Details

Last updated : 8th April, 2014 Review of –  IIFCL Tax Free Bonds – Tranche II – December 2013 India Infrastructure Finance Company proposes to raise upto Rs 1000 crore with an option to retain over subscription upto Rs 2,000 crore aggregating to Rs 3000 crore through tax free bonds issue of secured redeemable non-convertible debentures.  (Tranche II) The tax free bonds issue would open from  09-Dec-2013  and closes on 10-Jan-2014   (already oversubscribed – Rs 1000 crore on 1st day of opening) Indian Infrastructure Finance Co Ltd  (IIFCL)  Tax Free Bonds  – Tranche II Details Series I Series II ... Read More »

HUDCO Tax Free Bonds Tranche 2 – Dec 2013 – Details

Last updated : 8th April, 2014 Housing and Urban Development Corporation Limited (HUDCO) has come out with its 2nd tranche of tax free bonds of face value Rs 1000 each aggregating to Rs 500 crore with an option to retain oversubscription up to the shelf limit of Rs 2439.19 crore. The company had already raised R2,370 crore in the first tranche of tax-free bonds launched in September. Coupon rate in 2nd tranche of bonds are higher than those offered in 1st tranche.  The issue will open for subscription on December 2, 2013 and is scheduled to close on January 10, ... Read More »

NTPC Tax Free Bonds – Dec 2013 – Details

Last updated : 8th April, 2014 NTPC has come out with its public issue of tax-free secured redeemable non-convertible bonds of a face value of Rs 1,000 each in the nature of debentures having tax benefits, aggregating up to Rs 1,750 crore (Including option to retain oversubscription of Rs 750 crore). NTPC tax free bonds issue would open from 3-Dec-2013 and close on 16-Dec-2013  (it may close early).  UPDATE- 4 Dec – The issue is oversubscribed and will close on Wed 4-Dec 2013 The issue is AAA rated by CRISIL, ICRA, – highest safety rating NTPC Tax Free Bonds – ... Read More »

Comparison of Goin Coin rates in India & from where to buy them – (Gold Rates today)

Last updated : 25th April, 2014 Buying precious metal (specially Gold) is considered auspicious on Diwali (3-Nov) / Dhanteras (01-Nov 2013). Gold prices are expected to run upto Rs 33000 /per 10 gram. If you are considering to buy Gold Coins this diwali, this comparison chart will help you to get the best rates Comparison Chart – Gold Coin Rates at various Banks  (as on 31-Oct-2013) ** Above Rates are exclusive of Sales Tax / VAT (which is normally 1%) ICICI Bank also offers gold in 0.5gm, 1 gm & 2.5 gm denomination NOTE:  Banks offer Gold Coins which are ... Read More »

NHPC Tax Free Bonds – Oct 2013 – Details

Last updated : 8th April, 2014 National Hydroelectric Power Corporation ( NHPC ) has hit the debt market with Rs 1000 crore TAx free bonds. After REC, HUDCO, IIFCL,PFC this is the another Tax free bond issue in 2013-2014. The tax free bonds issue would open from 18-Oct-2013 and close on 11-Nov-2013 The issue is AAA rated by CRISIL, ICRA, CARE highest safety rating NHPC Tax Free Bonds (Tranche 1) Details Series 1B Series 2B Series 3B Tenor 10 Years 15 years 20 years Interest Paid Annual Annual Annual Coupon Rate 8.43% 8.79% 8.92% Effective Pre-Tax Yield (30% tax slab) ... Read More »

PFC Tax Free Bonds – Oct 2013 – Details

Last updated : 8th April, 2014 Power Finance Corporation (PFC) has been allotted Rs 5000 crore for raising funds through tax free bonds. Some of it has already been raised through private placement and approx. Rs 3875 crore is being raised through this issue. From it 40% is reserved for retail investors. The tax free bonds issue would open from 14-Oct-2013 and close on 17-Nov-2013 The issue size is Rs 750 crore with an option to retain oversubscription up to Rs 3876 crore Power Finance Corporation Tax Free Bonds Oct 2013 (Tranche 1) Details Series 1B Series 2B Series 3B ... Read More »

Shriram Transport Finance STFC NCD Oct 2013 – Details & Review

Last updated : 2nd May, 2014    Shriram Transport Finance Company (STFC) has opened its public issue of NCDs on 7-Oct-2013 & it closes on 21-Oct-2013 offering 6 investment options with yield upto 11.75%.  (Closed early on 14-Oct-2013)   This is the second NCD issue of this financial year from STFC, as the company raised Rs. 750 crore from its first issue in July 2013.   Type of Instruments – Secured Redeemable NCDs Size of Issue – Rs 250 crore through this issue, with an option to retain oversubscription upto Rs 250 crore, aggregating to a total of upto Rs ... Read More »

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