Should you invest in REC's Long-term Infrastructure Bonds?

Vishal (Online Marketing) (658 Points)

17 January 2011  

In the Union Budget 2010, the Government provided an additional income tax benefit of 20,000 under section 80CCF of the Income Tax Act, 1961 for investments made in long-term infrastructure bonds (as notified by the Central Government). This move was intended to provide a fillip to infrastructure finance and provide an opportunity to individual tax payers to reduce their tax liability.

 

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Should you invest in REC's Long-term Infrastructure Bonds