| 80CCF INFRASTRUCTURE BONDS :FAQ Posted: 12 Nov 2010 08:43 PM PST 
Frequently Asked Questions on InfrastructureBonds (FAQs)What is the Tax Treatment of interest on these Bonds? The interest received on these bonds shall be treated as income from any other source and shall form part of the total income of the assessee in that financial year in which they are received. Who are the eligible investors? Only Resident Indian Individuals (Major) and HUF can invest in these bonds. Can a Minor apply for subscription to these bonds? A minor is not eligible to apply... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Saving tax with L&T Infra Long-term Infrastructure Bonds Posted: 12 Nov 2010 08:36 PM PST 
L&T Infra brings you Long-term Infrastructure Bonds that let you invest indirectly on a long-term basis in infrastructure projects across the country. As per section 80CCF of the Income Tax Act, you get a tax relief of up to Rs. 20,000 by investing in these bonds.Your money invested in these bonds grows at a rate of 7.5% to 7.75% p.a. which works out as seen in the Table on the 'About Investing' Page. This interest, depending on the scheme you choose will either be paid to you every year,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
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