As you know during FY 2010 – 2011 if you invest in long term infrastructure bonds you will get tax benefit. The limit of investment for tax benefit is Rs 20,000.
This Rs 20,000 is apart from the regular investments under section 8 0 ( c ). So after looking at this don’t make a quick decision to invest in these bonds to avail tax benefit. Consider your taxable income, other investment avenues, inflation etc before investing in it.
I have come across a good article and here giving the link for the readers. Please go through it and make decision whether to invest in these bonds or not.
IFCI is the first company to come up with long term tax saving infrastructure bonds. It’s learnt that IDFC is also planning for long term infrastructure bonds.
Please go through the below 2 articles.
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.
Related posts:
- Income Tax new Slabs FY 2010 – 2011
- Classification of bonds
- What is an Income Fund
- Reliance Infrastructure – Sensex stocks 20
- What are Gilt Funds
Loading ...
{ 16 comments… read them below or add one }
like to know the infrstructure bond presently available in the market having tax rebate as per section 80(c).
I need information about infrastructure bonds.
I need information about IFCI infrastructure bonds only
For latest IFCI infra bonds please visit the below links
http://lastbull.com/how-to-apply-for-ifci-seriesii-infrastructure-bonds-allotment-and-buy-back-dates/
http://lastbull.com/ifci-seriesii-infra-bonds-%E2%80%93-section-80-ccf-tax-saving/
I need information about IFCI infrastructure bonds only
like to know the infrstructure bond for Rs.20,000/- presently available in the market having tax rebate as per section 80(c) .
I want to buy Infrastructure bonds for tax savings which will be the most effective one.
IDFC is one good option. Look at the below link for more details.
http://www.idfc.com/infrastructure_bonds.htm
ANYBODY KNOWS ISSUE PERIOD OF LIC? WHEN IT WILL START? EVERYBODY IS WAITING EAGERLY BEING APPROACHING FOR LAST DATE OF SUBMISSION OF IT PROOFS
Hi Shirish,
LIC is unlikely to come up with infrastructure bonds this fiscal. Please visit the below links for more details.
http://lastbull.com/we-can%E2%80%99t-see-lic-infra-bonds-this-fiscal/
http://lastbull.com/lic-infrastructure-bonds-%E2%80%93-issues-to-be-clarified-before-floating-bonds/
Hi All,
Could you please tell me which Infrstructure Bond is Better one.
All bonds which are currently open in the market are good. For safe side you may want to choose the infra bonds of the state run companies like REC or PFC etc
DEAR SIR
I WANT INVEST 20000 IN INFRASTRUCTURE BONDS FOR TAX BENIFICATE FOR HELP IN WHICH WOULD BE THE BEST BONDS TO INVEST ALSO MAIL THEIR RETURNS
The issue of infrastructure bond of PFC is closing today. Any new issue for the rest of the month?
Hi,
I need to information about SBI & L&T Infrastructure bonds
Thanks
Kannan D
Hi Kannan,
The Bonds floated by SBI are normal Bonds and they ar enot infrastructure Bonds. Please read the below link for L&T Infrastructure bonds.
http://lastbull.com/lt-infrastructure-bonds-fy-2011-2012/