The Central Government have specified bonds to be issued by (i) Industrial Finance Corporation of India; (ii) Life Insurance Corporation of India; (iii) Infrastructure Development Finance Company Limited; and (iv) a Non-Banking Finance Company classified as an infrastructure finance company by the Reserve Bank of India; as “Long-term Infrastructure Bond” for the purpose of section 80CCF of the Income Tax Act, 1961.

Investment in these bonds up to rupees twenty thousand will be eligible for deduction from the total income of the assessee. The deduction will be in addition to the deduction of rupees one lakh allowed under sections 80C, 80CCC and 80CCD of the Act.

The tenure of the Bonds shall be a minimum of ten years with a lock-in period of five years for an investor. It will be mandatory for the subscriber to furnish permanent account number to the issuer for investment in the bonds.

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Category : Income Tax (28055)
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0 responses to “Investment in Bonds of IFCI, IDFC, LIC and NBFCs (Classified as Infra Finance Company) Eligible for Tax Exemption under Section 80CCF”

  1. Suraj Nair says:

    Thank you for providing the knowledge of Insurance & Finance. I also know one insurance agent Mr. Suresh Kumar, he is having more than 22 year of knowledge in the insurance sector. Now I am able to earn more than what I was earning before.

  2. KAMAL SARKAR says:

    how to become idfc and uti and postal service agent please callme 8876139319.

  3. Pravesh says:

    I want to become agent of various types of bonds, NCDs issued by Govt.,Companies, etc,. Kindly tell me the procedure. Contact-praveshtenani@hotmail.com

  4. mazhar says:

    i want s be an idfc agent pls tell me its possible pls send me

  5. prithvibirana says:

    pune invest sir ,
    i am prithvi singh near jaipur ,and want to take a agency of infrastracture bond.pl mail me detail on prithvibirana23@gmail.com

  6. Puneinvest says:

    are you interested to do infra bond business mail me. I can help you.
    If any other agent want to post their contact detail on my blog send me details with your location & Name. I am trying to add you in my all over India Infra bond broker list.

  7. venkat says:

    For Infra Bonds processing, please call or contact or phone me at 9241545354 (for bangalore only).

  8. priyojit das says:

    hi ami a lic agent from last 4 years.i want be an idfc agent.plz tel me what the procedure for be idfc agent in kolkata?plz help me.if it posible then reply send to my mail id priyo.pappu@gmail.com

  9. venkat says:

    For Infra Bonds processing, please call me at 9241545354 (for bangalore only).

  10. venkat says:

    For Infrastructure Bonds processing, please call me at 9241545354 (for bangalore
    only)

  11. Amit Surpuriya says:

    To Invest in IDFC & L&T Infra Bonds – Contact – Amit Surpuriya – 9850873688 – Pune

  12. Arup Pattnaik (Mumbai) says:

    am a LIC agent. Now I wants to become a agent of infrastructure bonds exempt u/s. 80ccf. so please anyone tell me the complete procedure.

    My mobile no 9323453312

  13. Arup Pattnaik (Mumbai) says:

    am a LIC agent. Now I wants to become a agent of infrastructure bonds exempt u/s. 80ccf. so please anyone tell me the complete procedure.

  14. venkat says:

    if any body required Infra Bonds processing, please call me at 9241545354 (for bangalore only)

  15. R C SINGLA says:

    WHAT IS THE DUE DATE OF INTEREST OF IDFC SERIES-3 INFRASTRUCTURE BONDS ISSUED IN NOV,10

  16. Investologic says:

    One can opt for these bonds to claim tax benefits.
    From investment point of vie it looks decent.

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