Infrastructure developers are eligible for a tax holiday for 10 years, and the government has permitted a looser interpretation for the benefit of infrastructure. Vishal Shah and Bijal Desai refer to relevant court and tribunal cases and explain the more nebulous of the tax holiday eligibility clauses.
Tag: NHAI
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Infrascape 2012 | Highways: EPC will gain momentum next year
Highways have been largely on an upswing. We have awaĂÂrded-or set to award upon opening bids-4,500 km, and will be awarding a minimum of 3,000 km by the end of this fiscal. The industry has been gung ho about the sector,
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Infrascape 2012 | Urban Infra: JNNURM should showcase model ULBs
In Waste Management we have seen some large projects like MCD (Delhi), GHMC (Hyderabad) and COC (ChennĂÂai) have taken positive steps towards privatisation of MuniciĂÂpal Waste Management and looĂÂkĂÂing to improve the quaĂÂlity of waste management.
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Infrascape 2012 | EPC: Roads may offer best opportunity
Essar Projects has seen a fair amount of movement in the EPC market in India. NHAI's long overdue push to align commercial and contractual environment for augmenting India's road infrastructure began to deliver results in FY2012.
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L&T eyes stake in road projects
Larsen & Toubro is scouting to acquire majority stake in road projects worth around Rs 1,000 crore each to boost its portfolio.
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Ministry pitches for e-tendering
The Ministry of Road Transport and Highways has asked NHAI and states to striĂÂctly adopt e-tendering system for better transparency in highways projects, saying it is not being properly implemented.
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GMR to raise Rs 6,000 cr
GMR Infrastructure is planning to raise around Rs 6,000 crore over the next six months through domestic loans for a mega highway project.
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More premium bids for NHAI
All 4 bids opened on negative VGF exceeding estimation by far. NHAI opened four National Highway bids (on BOT) over the past two working days--three on Friday, 18 November and one on Monday, 21 November. The four have all been on premium, also called negative Viability Gap Funding (VGF) of varying amounts.
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Tax-free bonds of 4 firms
Government has allowed four firms to raise Rs 300 billion via tax-free bonds in the current financial year.
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NHAI to build 1,000 km of expressways
The National Highways Authority of India (NHAI) has planned to construct 1,000 km of expressways on build-operate-transfer (BOT) model.