1G ras STS Are You Ready?semis 9 Capt Creerg yest at Taree -Reuil investors can invest up £0 Rs 101 in each sue Investors can exit from these tance bonds before maturity by selling thom on tock exchanges For the current financial year (2015-16) ‘he Government of Indi vide notification 59/2015 dated 67/2015 has authorized seven state-owned ets to rie Rs 40,000 Crore inthe cursen sal (2015-16) ‘through taxeee bonds, The Bonds ca be hel either in physical or in damat form, However, PAN i mandatory for transactions The tenure of the bonds will be of 10-15-20 yar, ‘ond ising emits are [National Highways Authority of india (HAD) Indi Raay Finance Corprston (RFC) Housing and Urban Development Corpraton Limited (HUDCO} Indian Renewable Energy Development Agency (IREDA) Power Finance Corporation (?FC) oral Electrification Corporation (REC) [National Thermal Power Corporation Ld (NTPC) Taxation These bonds ate completly tx fae hut capital gins made on selling of tax-free bonds on stock exchanges ze taxed. I the hong pevod is les than 12 months, capital sins on ale of xfs bonds on stock exchanges ate taxed sper the tax sla ofthe investor, If bonds ae eld for mae than 12 months, the gins are taxed at 10 per ence Scr SO zBan AMES gh HAC SPAR A ASANAAAZOGH RIC HENZCACES SN. 22