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
Post
Post
Infrascape 2012 | Highways: EPC will gain momentum next year
Highways have been largely on an upswing. We have awaÂrded-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,
Post
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 (ChennÂai) have taken positive steps towards privatisation of MuniciÂpal Waste Management and looÂkÂing to improve the quaÂlity of waste management.
Post
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.
Post
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.
Post
Ministry pitches for e-tendering
The Ministry of Road Transport and Highways has asked NHAI and states to striÂctly adopt e-tendering system for better transparency in highways projects, saying it is not being properly implemented.
Post
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.
Post
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.
Post
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.
Post
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.