Saturday, November 19, 2011

BEST INFRASTRUCTURE BONDS FOR 80 CCF TAX SAVING

Manoj said...
NAMASKAR SIR,
I'M REGULAR READER OF YOUR BLOG AND I ALWAYS FALLOW YOUR INSTRUCTION. IN LAST FEW MONTHS I PURCHASE FUNDAMENTALLY STRONG SHARE WHICH YOU SUGGEST. THANKS FOR SUCH A WONDERFUL JOB FOR US.
NOW I WANT TO INVEST RS. 20000/- FOR INCOME TAX PURPOSE IN INFRASTRUCTURE BOND (80CCF).
PLEASE SUGGEST ME WHICH INFRASTRUCTURE BOND IS BETTER OR ALL BONDS OFFER BY DIFFERENT COMPANY ARE SAME.
I WAIT FOR FOR YOUR REPLY.
MANOJ SINGH
1. manoj ji Infrastructure bonds are offered by infrastructure finance companies like ifci L&T IDBI etc , with prior approval of Govt. Of India. our govt want to promote the infrastructure growth so govt have offered investors tax benefit max up to Rs.20,000/-.
2. 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.
3. so investors of these bonds get tax relief in 80 ccf , so if you cross your maximum limit of 100000 than you consider these bond for extra 20,000 investment.
4. i think LIC infrastructure bond is best option in these bond second choice is IDFC infra bonds but all of these bond in near about same nature and same in return so choose more reputable company like LIC or IDFC.
5. i have no any infra bonds and i am not a registered advisor for these type of investment.

9 comments:

  1. Mahesh Ji,

    What is your opinion on infra bonds and its returns? I already run out of 1lac cover in 80C and plan to use 80CCF. Please advice.

    How can i buy an LIC or IDFC bond which you told in this blog? I couldnt find an option in ICICIDirect.

    ReplyDelete
  2. Mahesh Ji,

    It seems there is only IPO subscriptions in ICICIDirect. A IDFC infrastructure bond IPO is open. I want to invest in it. What is your opinion?

    ReplyDelete
  3. Rajeev ji
    in IPO page of icici direct you get both link for buying
    L&T LONG TERM INFRA BONDS - TRANCHE 1 : LTFTR1
    and
    IDFC LONG TERM INFRA BONDS - TRANCHE 1 : IDFCB9
    so i think you may need to visit again your icici direct ac IPO page..ok?

    ReplyDelete
  4. both , invest half half amount in both of bond because i think they are near about same

    ReplyDelete
  5. Nice One..
    80 CCF has become a boon for investors who have high income..

    ReplyDelete
  6. Mahesh ji,

    I have bought "L&T LONG TERM INFRA BONDS" from ICICI Direct. Under which category mentioned below does "L&T LONG TERM INFRA BONDS" fall?

    1. The Industrial Finance Corporation On India (IFCI)
    2. The life Insurance Corporation of India (LIC)
    3. The Infrastructure Development Finance Company Limited (IDFC)
    4. The India Infrastructure Finance Company Limited (IIFC)
    5. A non-banking Finance Company Classified as an Infrastructure Finance Company by RBI.

    Thanks
    Vinod

    ReplyDelete
  7. Nicely present good INFRASTRUCTURE BONDS that offer tax benefit under Section 80CCF. As it is long term investment, people can avail tax benefit and people can hold the Bonds in both Physical as well as DEMAT form.

    ReplyDelete

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