IDFC 1st to Launch Infra Structure Bonds to Save Income Tax as well as Earn Guaranteed 8% interest

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 The bonds don't attract any TDS The interest accrued on the bonds will be credited to the respective bank registered with the demat account through ECS on the due date for interest payment The bonds will be listed on NSE and BSE and can be traded after the 5 year lock-in period Investors can mortgage or pledge these bonds to avail loans after the lock-in period. An investor would need a demat account and pan card to invest in these bonds. The bonds will be issued only to Resident Indian individuals (major) and HUF An applicant may subscribe to all the four options but the minimum application under each option shall be one bond i.e., Rs. 5,000 Interest on the bonds shall be payable on annual or cumulative basis depending on the series selected by the bond holders http://www.idfc.com/infrastructure_bonds.htm http://www.idfcsski.com/CMT/Upload/ArticleAttachments/IDFC-Bonds%20Issue_Prospectus_Tranche_final.pdf http://www.njindiainvest.com/uploads/webnest/admin/idfc_pn.pdf

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