IDFC Infrastructure bonds for tax deduction FY 2010 – 2011

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Infrastructure Development Finance Company Limited (IDFC) plans raise funds through long term infrastructure bonds. As per the market sources, it is aiming for an amount for Rs 3,400 Crores through the bonds. These bonds will be tax-free i.e. fall under Government’s section 80CCF long term infrastructure bonds.

It is said that the company has already filed the draft papers with the SEBI. As you are aware IDFC board has already approved the issue. The issue is likely to open in October 1st week.

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Sathish Emmadi

Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.

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{ 2 comments… read them below or add one }

Alok Gupta January 11, 2011 at 7:25 am

need to purchase a Infrastructure Bond for tax saving.

Reply

Sathish Emmadi January 11, 2011 at 5:05 pm

Hi Alok,

IFCI infra bonds are available till 12th Jan 2011 and IDFC infra bonds will be up for subscriptions from Jan 17th till Feb 4th 2011. Visit the below links for details.

http://lastbull.com/idfc-series-ii-infra-bonds/
http://lastbull.com/ifci-series-ii-infra-bonds-last-date-extended/

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