Rule 2F of the Income-tax Rules allows the Infrastructure Debt Fund to issue rupee-denominated bonds or foreign currency bonds. The CBDT has amended Rule 2F to allow Infrastructure Debt Fund to issue ‘Zero-Coupon Bonds’. The consequential amendment has also been brought in Rule 8B, which provides guidelines for notification of zero-coupon bond.Rule 2F of the Income-tax Rules allows the Infrastructure Debt Fund to issue rupee-denominated bonds or foreign currency bonds. The CBDT has amended Rule 2F to allow Infrastructure Debt Fund to issue ‘Zero-Coupon Bonds’. The consequential amendment has also been brought in Rule 8B, which provides guidelines for notification of zero-coupon bond.taxmann.com Latest Statutory HappeningsRead More
