Last opportunity to invest in infrastructure bonds

Posted By:
Subscribe to GoodReturns

Last opportunity to invest in infrastructure bonds
The ongoing IDFC infrastructure bonds is the last opportunity for getting a tax rebate on infrastructure bonds, as from the next financial year, there would be no rebates on infrastructure bonds.

The Union Budget for 2012-2013 has not extended the tax rebate of Rs 20,000 available on infrastructure bonds. Infrastructure bonds currently (until March 31, 2012) allows individuals tax rebate over and above the Rs 1 lakh available under section 80C.

This means that if you were in the 30% tax bracket the savings was almost Rs 6200. March 31, 2012, will see the end of the infrastructure bonds and benefits under section 80CCF.

The ongoing IDFC infrastructure bonds is thus the last opportunity to invest in infrastructure bonds.

IDFC'S third tranche of Long Term Infrastructure Bonds for financial year 2011 – 12 are for a period of ten years. The company has offered an option to buyback the bonds from the investors at the end of five years.

These bonds have got the highest credit rating of (ICRA) AAA by ICRA and Fitch AAA(ind) by Fitch.

GoodReturns.in

Story first published: Friday, March 23, 2012, 10:44 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC