BUDGET 2010 saw the Finance Minister doling out sops to push infrastructure investments in the country. One key sop - the tax benefit to individuals on investment of up to Rs 20,000 in infrastructure bonds under section 80CCF. And this, over an above the current limit of Rs 1 lakh that section 80C provides.
The Central Board of Direct Taxes (CBDT) has now notified New Infrastructure Bonds. An individual or Hindu Undivided Family (HUF) can invest in these new infrastructure bonds up to Rs 20,000 in a financial year. LIC, IFCI, IDFC and other NBFCs classified as Infrastructure Company by RBI will be allowed to issue these bonds, called Long Term Infrastructure Bonds.
The minimum application amount for these bonds is Rs 5,000 and multiples thereof for each option.
The issue opens on August 9, 2010 and closes on August 31, 2010.
to know all in Depth like where to buy, how to invest, pros and cons, requirements, do's and dont's visit TheEquityMarkets
come back here for your queries
Regards
Alok
No comments:
Post a Comment