Wednesday, September 5, 2012

DOUBLE YOUR MONEY INVEST IN IIFL BONDS IN 6 YEARS


on Wednesday, September 5, 2012

Comany Name  :INDIA INFOLINE FINANCE LIMITED

Company Profile 
India Infoline Finance Limited is a subsidiary of India Infoline Limited (IIFL). The Company is engaged in the activity of mortgage financing, loan against securities gold loans margin funding and other consumer financing products.

Issue open on : 5-September-2012
Issue Closes on :18-Septemer-2012


Key Highlights of the Issue

Issue Size                                 :250cr*
Rating                                       :[ICRA] AA-(Stable) "by ICRA, "CRISIL AA -/Stable "by CRISIL
Face value (NCD in Rs)            :1,000/-
Issue price(NCD in Rs)             :At par i.e. Rs 1000/-
Minimum Subscription amount   :5 NCDs and in multiples of one NCD thereafter.
Who can apply                          :Resident Indian Individual, HUF.
Investor should provide             :PAN Number and Demat Account
Listing                                       : NSE BSE
Security Allotment *                  :Unsecured First-cum-first serve basis

Aggregating Rs 250cr with an option  to retain an over subscription of additional Rs 250cr



Basic Terms of Issue
Options
I
II
III
Frequency of Interest Payment
Monthly 
Annually
Cumulative 
Face Value & Issue Price (Rs /NCD)
1,000/-(1 NCD)
Minimum Application
5,000/- (5 NCDs)
In Multiples of
1,000/- (1 NCD)
Tenor 
72 Months 
Coupon (%) p.a.
12.75% 
12.75% 
not applicable
Effective Yield (% p.a.)
13.52
12.75% 
12.75% 
Deemed Date of Allotment
Date of issue of the allotment advice
Redemption Date
72 Months from the Deemed Date of Allotment
Redemption Amount(/NCD) 
Face value plus any interest that may have accrued

Category III (less than Rs 5 lakhs)     : Retail Investor

Eligible person                                  :Resident Indian Individual, HUF through Karta Category

Reservation                                       :Up to 25% of overall issue size

Category III (More than Rs 5 lakhs) : HNI

Eligible person                                       : Resident Indian Individual, HUF through Karta Category

Reservation                                            :Up to 25% of overall issue size

6 comments: Post Yours! Read Comment Policy ▼
PLEASE NOTE:
We have Zero Tolerance to Spam. Chessy Comments and Comments with Links will be deleted immediately upon our review.

  1. Is this tax debatable? Any tax exemption granted from this investment and if so under which section it falls? Explain service tax act also.

    ReplyDelete
    Replies
    1. No tax rebate , Interest is taxable and tds will be deducted on it.

      Delete
  2. If I invest 50,000 in this bond, How much TAX will I have to pay?
    How much will I get yearly/Monthly after deduction?

    ReplyDelete
  3. If I invest Rs.50,000 in this Bond, How much tax will be deducted on it? And after deduction how much will I get monthly/yearly?

    ReplyDelete
  4. it i got salary and interest as a partner from a partnership firm then it would be my taxable income or taxfree income.

    ReplyDelete
    Replies
    1. Yes , these are taxable in your Hand .

      any interest, salary, bonus, commission or remuneration paid/payable by the firm to the partners is taxable in the hands of partners (to the extent these are allowed as deduction in the hands of the firm).

      The points to be noted are :-

      Remuneration from a firm is not taxable under the head "Salaries".

      Any expenditure incurred in order to earn such income can be claimed as a deduction from such income. For example, if a partner borrows money to make his capital contribution to the firm and he is paid interest on his capital contribution, the amount of such interest will be taxed under the head "Profits and gains of business or profession", but the interest paid by him on the borrowed money will have to allowed as a deduction.

      If the whole or a part of salary/interest is not allowed as deduction in the hands of the firm , than the whole or that part of salary/ interest is not taxable in the hands of the partners. In other words, in the hands of partners the entire remuneration/ interest (excluding the amount disallowed under section 40(b) and/or section 184 of the Act) is chargeable to tax

      Delete