Hi....
Can anyone give me detail about the infrastructure bonds? Where to apply, how to apply, who all have isssued, returns, etc.
Hi....
Can anyone give me detail about the infrastructure bonds? Where to apply, how to apply, who all have isssued, returns, etc.
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.
contact any MF or bank and thye will guide you on the same...
CAclubindia
