I have been acting as the volunteer Chairman of the New Jamestown YMCA Committee for a couple of years now and I feel that it is critical that the true story of
Taxation Of Bonds: All You Need To Know outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
In this edition of the reader story, we meet Anand Vaidya who had earlier explained how he used RBI Retail Direct to buy govt. bonds and create an income
Synopsis
“Exporters may be allowed to file the claim so as to verify the value of the tax-free bond to be given to them, which can be encashed after 3 years, by which time the government revenue would be on sound footing,” FIEO said in a letter to the finance ministry.
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Exporters have proposed the government to issue tax-free bonds in lieu of pending refunds under the Merchandise Export from India Scheme, in the wake of the country’s poor revenue realisation. The Federation of Indian Export Organisations (FIEO) has proposed a mechanism of tax-free bond attracting 6% annual interest with a three-year lock-in period to provide certainty of refund and ensure liquidity for exporters.