infrastructure bond

Provident Fund (PF) & Voluntary Provident Fund (VPF: PF is automatically deducted from your salary. Both you and your employer contribute to it. While employer’s contribution is exempt from tax, your contribution (i.e., employee’s contribution) is counted towards section 80C investments. You also have the option to contribute additional amounts through voluntary contributions (VPF). Current rate of interest is 8.5% per annum (p.a.) and is tax-free. Full Article

Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of providing the tax benefit. Section 80C of the Income Tax Act allows certain investments and expenditure to be tax-exempt. Full Article

India's largest insurer LIC today said its infrastructure bond issue is unlikely to hit markets this fiscal as it is still working out the modalities. "We are working on a plan to come out with infrastructure bonds... It is unlikely to happen in the Full Article

nfrastructure Development Finance Company Limited (“the Company” or “IDFC”) has announced a public issue of its second tranche of secured, redeemable, long term infrastructure bonds having tax benefits under Section 80 CCF of the Income Tax Act, 1961 Full Article

Under Section 80CCF, any individual or Hindu undivided family can invest up to Rs 20,000 in infrastructure bonds and avail of tax benefits. This will be over the Rs 1-lakh deduction allowed under Section 80C. So, an investor in the tax bracket of 30 Full Article

Infrastructure Development Finance Company (IDFC), an integrated infrastructure finance company, has launched infrastructure bonds, giving a tax deduction of up to Rs 20,000 under Section 80CCF. The tax deduction will be above Rs 1,00,000 under Secti Full Article

The country's largest insurer, Life Insurance Corporation, plans to approach sector regulator IRDA in the next 8-10 days to get approval for floating infrastructure bonds. Full Article

These bonds can be issued by entities such as LIC , IDFC, IFCI or any other NBFC as classified by the RBI. Earlier in September, IFCI had issued these bonds on a private placement basis. Now, IDFC has decided to offer the first tranche of these bonds Full Article

Infrastructure lending major IDFC is planning to raise up to Rs 3,400 crore through the issue of long-term bonds and the public offer is likely to open in the first week of October. The company has already filed the draft papers with the market regul Full Article

In a major fillip to the success of infrastructure bonds, the government has decided to exempt them from getting the credit ratings -- which are mandatory for all the other kinds of bond issuances. Full Article