infrastracture bond

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2011 i want to purchase infrastructure bond u/s 80ccf of income tax act . please tell me some good yield infrastructure bond

thanks in advance

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

07 January 2011 currently only IFCI bonds are open.

visit their website to invest.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

07 January 2011 Interest on IFCI bond is 8% / 8.25 %. No income tax deduction on interest income for the bonds in demat form.
Website :- www.ifciltd.com
New Delhi Phone :- 41792800 / 41732000.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Sanat Pyne

CA Sanat Pyne (Expert)
Follow

08 January 2011 80CCF BOND PFC IS COMING SOON IN MARKET

VISIT THIS LINK.
http://www.simpletaxindia.org/2011/01/80ccf-bond-pfc-is-coming-soon-in-market.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+SimpleTaxIndia+%28SIMPLE+TAX+INDIA%29

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

08 January 2011 But PFC's proposed interest rate is 7.5 % / 7.75%.

Querist : Anonymous

Querist : Anonymous (Querist)

09 January 2011 thanks experts 4 reply

but sir ifci bond is available in only d mat form and have no d mat a/c&does not want to open it

please suggest me as any other bond is available in physical form or i have to open it to get deduction u/s80ccf.

thanks in advance