Power Finance Corporation can raise infrastructure bonds
Power Finance Corporation can raise infrastructure bonds to an amount equivalent to 25% of the gross disbursement made in preceding financial year.
January 06, 2011 / 12:03 IST
| Power Finance Corporation Ltd has informed BSE that Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has vide its letter date January 05, 2011 has intimated on a clarification sought by the Company that Power Finance Corporation Ltd. can raise Infrastructure Bonds under section 80 CCF of the Income Tax to an amount equivalent to 25% of the gross disbursement made in preceeding financial year i.e. 2009-10 (which amounts to Rs. 6000 crores approximately). | | Source : BSE |
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