Invest In IDFC infrastructure bonds 80CCF -Save tax up to 6180

Posted: 15 Oct 2010 09:42 PM PDT

Infrastructure Development Finance Company Limited (IDFC) has launched a Public Issue of Long Term Infrastructure Bonds of face value of Rs. 5,000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under section 80 CCF of the Income Tax Act, 1961 (the "Bonds").The Issue is for an amount not exceeding Rs. 34,000 million for the financial year 2010 - 2011. These bonds have a rating of "LAAA" (ICRA) which indicates stable outlook and is the highest credit...

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