STI NEWS;"9 % IDFC INFRA BONDS SAVE TAX 6180 U/S 80CCF ISSUE CLOSE DATE 16.12.11"plus 2 more

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• 9 % IDFC INFRA BONDS SAVE TAX 6180 U/S 80CCF ISSUE CLOSE DATE 16.12.11
• GET LOAN FROM PPF AFTER ONE YEAR COMPLETION
• E-payments Likely For all Govt. Depts. From April

9 % IDFC INFRA BONDS SAVE TAX 6180 U/S 80CCF ISSUE CLOSE DATE 16.12.11 Posted: 25 Nov 2011 06:34 PM PST What are infrastructure bonds? To channelize long term retail flows into the Infrastructure sector, the Government of India had introduced Section 80CCF under the Income Tax Act, 1961 ('the Act'). This section provides for an income tax deduction for an individual investor who subscribes in the Long-Term Infrastructure Bonds ('Bonds'), issued by certain financial institutions. Presently,...

GET LOAN FROM PPF AFTER ONE YEAR COMPLETION Posted: 25 Nov 2011 06:31 PM PST How can you avail a loan? A loan can only be taken after the expiry of one fiscal year from the end of the fiscal year in which the initial subscription was made and before the expiry of five fiscals from the end of the fiscal year in which the initial subscription was made. For instance, suppose you made the initial subscription in a PPF account in November 2011 fiscal year 201112), you can...

E-payments Likely For all Govt. Depts. From April Posted: 25 Nov 2011 06:28 PM PST The Reserve Bank of India (RBI) is likely to make it mandatory for all government transactions to be done through the electronic mode with effect from April 1, 2012. Also, all government entities may have to bear the charges for mandatory cheque payments, from or by the public. These are among the issues likely to be taken up by a high-powered committee, headed by financial services secretary...

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