Hi....
Can anyone give me detail about the infrastructure bonds? Where to apply, how to apply, who all have isssued, returns, etc.
2 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 29 December 2010
Deduction under Section 80CCF
You can claim deduction under Section 80CCF upto Rs 20,000, for investments in long term infrastructure bonds. This is aimed at enhancing investments in infrastructure projects in the country. The long term infrastructure bonds will have tenure of 10 years and a minimum lock in period of five years.
Bonds issued by Industrial Finance Corporation of India, Life Insurance Corporation of India, Infrastructure Development Finance Company and other RBI classified infrastructure finance companies - would qualify for tax benefits under Section 80CCF.
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 29 December 2010
contact any MF or bank and thye will guide you on the same...
Recent Topics
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF UNCLAIMED RCM
Related Threads
CAclubindia
