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Written by The RupeeManager Team
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Monday, 28 November 2011 12:06 |
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L&T Infrastructure Finance Co. Ltd launched its issue on 24 November. IDFC Ltd launched its bond on 21 November. The tax benefit is available only for fiscal 2012.
Just a month back, Power Finance Corp. Ltd and Industrial Finance Corp. of India Ltd launched their infrastructure bonds. (IFCI Infrastructure bond link)
Which Infrastructure Bond to buy?
More about L&T Infrastructure Bonds
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Read more... [L&T Infrastructure Bonds for Tax Savings Upto Rs 6180/-]
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Written by Ramalingam K
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Thursday, 24 November 2011 15:44 |
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Understanding your form 16 helps you in many ways like planning for taxes, filing your income tax and so on.
Most of us are aware of Form 16 given by our employers before April 30th each year that give details of the income earned, and tax deducted at source and paid to the government. This certificate proves useful in filing income tax returns. In addition banks also issuing Form 16 and Form16A to pension holders and those that earn interest income, with no Form 16 required when TDS is not deducted from salary. Knowing about Form 16 helps us to be a well-informed taxpayer and do better tax planning.
The 13 components of Form 16 are:
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Read more... [Know All About Form 16 – Be An Informed TaxPayer]
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Written by The RupeeManager Team
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Friday, 07 October 2011 13:18 |
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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 2011-12. 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. Power Finance Corporation has also come out with a similar bond issue.
Please note the following about subscribing to this bond issue:
1. This bond is open only to Indian resident investors
2. This bond is offered through Physical and Demat mode - an investor would need to have a demat account to apply in demat mode of this issue. However, please note that this demat account need not be a FundsIndia demat account.
3. The bond is issued in units of Rs. 5000, and the minimum number of units to subscribe to is 1. Essentially, the minimum amount of investment is Rs. 5000.
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Last Updated on Friday, 07 October 2011 13:25 |
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Read more... [IFCI Tax Saving Infrastructure Bonds Under Sec 80CCF]
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