80CCF (IFCI Infrastructure Bond) Tax Saving Bonds

Investors are requested to draw your attention on IFCI Infrastructure Bond. IFCI has once again authorised by Government of  India to issue Long Term Infrastructure Bonds carrying tax benefits under Section 80CCF of Income Tax 1961 upto an investment of Rs. 20,000/- during the Financial Year 2011-12. IFCI has also scheduled to close Infrastructure Bond on 14th November, 2011.  This Series III issue of Tax Saving Infrastructure Bond having four options for investment which are detailed given below:-

1. 10 Years
   -Cumulative
   -8.50% P.A.
   -Buyback option at 5th and 7th year end.
2. 10 Years
   -Annual
   -8.50% P.A.
   -Buyback option at 5th and 7th year end.
3. 15 Years
   -Cumulative
   -8.75% P.A.
   -Buyback option at 7th,10tth, and 12th year end.
4. 15 Years
   -Annual
   -8.75% P.A.
   -Buyback option at 7th,10tth, and 12th year end.

Notes :-

• Bonds can be applied for in physical or dematerialised form.
• The face value and issue price per bond is Rs. 5000/-
• Bond shall be listed on Bombay Stock Exchange (BSE)
• There is lock-in period of 5 years after which they can be traded/transferred.

To know more regarding this issue (click here)

Read more: 80CCF (IFCI Infrastructure Bond) Tax Saving Bonds ~ Tds Tax India http://www.tdstaxindia.com/2011/10/80ccf-ifci-infrastructure-bond-tax.html#ixzz1dAVKNiHp
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