Following issues are expected this year:
1.LIC Infrastructure bonds.
2.PFC Infrastructure bonds.
3.IDFC Infrastructure bonds.
4.L & T Infrastructure bonds.
5.IIFCL Infrastructure bonds.
6.PTC FINANCIAL SERVICES.
7.REC Infrastructure bonds.
8.IFCI Infrastructure bonds.
1.For Details of IFCI Infrastructure bonds click here.
2.For Details of PFC Infrastructure bonds Click Here.
3.For Details of IDFC Infrastructure Bonds Click Here
4.For Details Of L&T Infrastructure Bonds,CLICK HERE
About Infrastructure Bonds:
Infrastructure bonds are offered by infrastructure finance companies,with prior approval of Govt. Of India.To promote the infrastructure growth ,,govt have offered investors tax benefit max upto Rs.20,000/-.
Capital raised under these issue is used in infrastructure development projects like projects of National Highways,power plant projects like thermal, hydroelectric power plants and other infrastructure projects.
This product offers investors saving as well as tax bachat.Its only product available in 80ccf section unlike crowdy section 80C.
Investor in 30% tax bracket saves a tax of Rs.6000+Service tax + Ed sess = Rs.6,600/- .
If we consider an average rate of 8.30% per annum,calculation is as shown in the following table.
|
Capital InvestedRs.(A) |
Tax Bracket |
Tax Saved(ST + Cess)(B) |
Effective amount invested(A-B) |
Maturity valueRs. |
Effective Interest rateCompounded pa |
|
20,000 |
30% |
6,600 |
13,400 |
29,800 |
17% |
|
20,000 |
20% |
4,400 |
15,600 |
29,800 |
13.8% |
|
20,000 |
10% |
2,200 |
17,800 |
29,800 |
10.80 |
Though interest earned is taxable,all the debt products whether bank deposits,company deposits,debt funds get the same tax treatment and income is taxable in each case.
I am sub-broker of these issues.If you wish to receive forms through speed post / courier/e-mail , send me your address to my email id: [email protected] send complete postal address with pincode, phone number and name of issue..You can submit form in your city (address will be provided along with form) or send back to us with requistic documents and at par cheque(This is very important,cheque should be at par/CBS clearing which is indicated on cheque leaflet..).Scanned receipt will be send back to investor through email or by courier if insists.
