Income Tax : Let me begin by describing the meaning of a Mutual Fund. It is a financial product that pools money of different individuals and i...
Income Tax : Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 8...
Income Tax : The Income Tax Act provides that on determination of the gross total income of an assessee after considering income from all the h...
Income Tax : DEDUCTION IN RESPECT OF LIFE INSURANCE PREMIA, DEFERRED ANNUITY, CONTRIBUTIONS TO PROVIDENT FUND, SUBSCRIPTION TO CERTAIN EQUITY S...
Income Tax : The deduction of Rs. 20000 under Section 80CCF for investment in infrastructure bonds was extended to A.Y. 2012-13 in last year bu...
Income Tax : Interest amount for the purpose of TDS be increased from Rs. 10,000/- to Rs. 25,000/- on fixed term deposits with banks, tax exemp...
Income Tax : The Indian economy is on a robust growth trajectory and the best way to be a part of Indias growth story is to invest in its lifel...
Income Tax : IFCI is in the process of raising more than Rs 100 crore from tax saving infrastructure bonds to fund infra projects. According to...
Income Tax : Infrastructure Development Finance Company (IDFC) today demanded that the Government raise the income tax-saving cap of Rs 20,000 ...
Income Tax : The state-owned Indian Infrastructure Finance Company Limited (IIFCL), is offering an unique feature for investors in its current ...
Income Tax : Notification No. 77/2010-Income Tax In exercise of the powers conferred by section 80CCF of the Income Tax Act, 1961 (43 of 1961),...
Income Tax : Notification No. 48/2010-Income Tax In exercise of the powers conferred by section 80CCF of the Income-tax Act, 1961 (43 of 1961),...
The Indian economy is on a robust growth trajectory and the best way to be a part of Indias growth story is to invest in its lifeline – its infrastructure. L&T Infrastructure Finance Company Ltd. has played an important role in financing projects, funded through long term investment instruments for Infrastructure development and construction across the country. L&T Infra to bring to you, for the second year running, the Long term Infrastructure Bonds. These tax-saving bonds let you invest indirectly on a long term basis, in infrastructure projects across the country and aid in the growth of India
IFCI is in the process of raising more than Rs 100 crore from tax saving infrastructure bonds to fund infra projects. According to the offer document, the issue comprises of Rs 100 crore plus unspecified green shoe option. These bonds are of two maturities – 10 years with coupon of 9.09% and 15 years with coupon of 9.16%, it said.
L&T Infra is proud to bring to you, for the second year running, the Long term Infrastructure Bonds. These tax-saving bonds let you invest indirectly on a long term basis, in infrastructure projects across the country and aid in the growth of India. By investing in L&T Infra 2011B Bond Series, investors can save tax and earn an annual interest rate of 9%. The 2011B series provides investors buyback options at the end of 5 years and 7 years. In addition to this, 2011B Bond Series provides investors the option of holding the bonds in Physical or Demat form.
Infrastructure Development Finance Company (IDFC) today demanded that the Government raise the income tax-saving cap of Rs 20,000 for more retail participation in infrastructure funding. At present, subscription to long-term infrastructure bonds by an individual or Hindu Undivided Family (HUF) not exceeding Rs 20,000 in a fiscal year is entitled for deduction in computation of taxable income.
The state-owned Indian Infrastructure Finance Company Limited (IIFCL), is offering an unique feature for investors in its current infrastructure bond offering that allows an applicant to choose apply for five bonds of the same series or five Bonds ac
IFCL is a wholly-owned Government company providing financial assistance to long-term infrastructure projects. As on 30 Sept 2010; 105 of the 124 projects for which IIFCL has sanctioned finances. As on March 31, 2010 and September 30, 2010, it had n
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
L&T Infrastructure Finance Company is making a public issue of Long Term Infrastructure Bonds 2011, to finance infrastructure lending. The company proposes to issue secured redeemable non-convertible debentures aggregating up to Rs 100 crore with an
1. Govt Of India is the largest share holder in IDFC. 2. IDFC is the fastest growing infrastructure financing company in India. 3. Fully Secured (backed by assets of IDFC) Instrument with highest credit rating. 4. Earn 8 % interest rate (tax sa
Government of India, vide notification dated July 9, 2010 permitted IFCI, IDFC, LIC and Infrastructure Finance Companies to issue Long Term Infrastructure Bonds where subscription up to Rs.20,000/? provides tax benefits u/s 80 CCF of the Income Tax A
