Category: Financial

Top 6 Rules for TDS on Fixed Deposit 1. Tax Deduction at Source(TDS) If you have fixed deposit in the nationalized bank or corporate, then interest income from the deposit amount is taxable and 10% will be deducted at the source. This process is called as Tax Deduction at Source(TDS). 2. Deposit in different branches Interest income is calculated based on the branch, if you have FD in the bank, up to Rs.10000 interest income in that branch is not taxable and Rs.5000 in case of corporate FD like Tata Motors or Mahindra Finance. So, financiers advise customers to split […]

Below are the key details of IDFC Infrastructure Bonds IPO released November 2011.   Opening date of the issue: November 21, 2011 and Closing date of the Issue: December 16, 2011, with discretion to close early or extend the closing date, subject to necessary approvals. Issue size not exceeding Rs. 50,000.0 Million for the financial year 2011 – 2012. Nature of Instrument – Secured, Redeemable, Non-Convertible Debentures having benifits under section 80CCF of the Income Tax Act, 1961. The Bonds will be issued in Demat mode only The issue has been rated ‘(ICRA)AAA’ from ICRA and ‘Fitch AAA(ind)’ from Fitch. […]

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 […]