Dear Income Tax Payer,
*Invest in*
IDFC Long term
Infrastructure Bonds
*("LAAA" Rated)*
Save tax upto Rs. 6,180*
LAST DATE 18th Oct 2010
Under sec 80CCF, one can invest upto Rs. 20,000 for additional tax
deduction in addition to the current Rs. 1,00,000 tax slab.
Moreover these bonds offer one, the stability of fixed returns and
ensure safety of capital.
*Benefits of investing in IDFC Infra Bonds*
* *After having utilized the 1 lakh limit under section 80C, the
budget has provided with a new section under section 80CCF whereby
a person could save further Rs. 6180/- in highest tax bracket, by
investing Rs. 20,000 in IDFC Long Term infrastructure bonds.*
* *It helps in intermediating the retail investor's savings into
infrastructure sector directly.*
* *Investors can mortgage or pledge these bonds to avail loans after
the lock-in period.*
* *No TDS shall be deducted.*
/Mandatory Requirement: DEMAT account and PAN./
/NRI clients cannot apply in the issue./
In case U do not have a DEMAT, U need to apply IMMEDIATELY since it may take at least 10 days.
|
| Long term infrastructure Bonds | What are infrastructure bonds? In 2010, the government introduced a new section 80CCF under the income tax act to provide for income tax deductions for subscription in long-term Infrastructure Bonds. These bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly. Long term infrastructure Bonds by IDFC The issue of Infrastructure bonds by IDFC is the first public issue of Long-term infrastructure bonds. These bonds have got a very high rating of LAAA by rating agency ICRA.
Series | 1 | 2 | 3 | 4 | Face Value | Rs 5000 per Bond | Minimum number of Bonds per application* | Two Bonds and in multiples of one Bond thereafter.
For the purpose of fulfilling the requirement of minimum subscription of two Bonds, an Applicant may choose to apply for two Bonds of the same series or two Bonds across different series. | Interest payment | Annual | Cumulative | Annual | Cumulative | Interest Rate | 8.00% p.a. | N.A. | 7.50% p.a. | N.A. | | Maturity Amount per Bond | Rs. 5,000 | Rs. 10,800 | Rs. 5,000 | Rs. 10,310 | Maturity | 10 years from the Deemed Date of Allotment | Yield on Maturity | 8.0% | 8.0% compounded annually | 7.50% | 7.50% compounded annually | Buyback Facility | N.A. | N.A. | Yes | Yes | Yield on Buyback | N.A. | N.A. | 7.50% | 7.50% compounded annually | Buyback Amount | N.A. | N.A. | Rs. 5,000 per Bond
| Rs. 7,180 per Bond |
Tax adjusted yield to investors
Investment Amount | Tax Slabs | | 20000 | | Series 1 | Series 2 | Series 3* | Series 4* | 30.90% | 13.89 | 12.06 | 17.19 | 15.74 | 20.60% | 11.57 | 10.52 | 13.41 | 12.57 | | 10.30% | 9.64 | 9.18 | 10.23 | 9.86 |
Invest in IDFC Bonds Today | |
NJ Partner Company "wealth4u"
Email Id: wealth4uplanner
@gmail.com *Disclaimer: NJ India Invest Pvt. Ltd. / wealth4u do not take any responsibility or liability, expressed or implied, whatsoever for any investment decisions made or taken by the readers of this mail based on its content thereof. The mail readers are strongly advised to exercise due caution and/or verify the contents and/or take independent professional advice before making any investment decisions based on any information, content, statement, opinion expressed or implied in this mail. All rates are subject to change. *
Posts
