All individual are asking about benefits of the Budget 2012 but no body caring about losses . Nothing has been mentioned about deduction of 80CCF . As per present rule 80CCF is […]
Investment limit in Infra bonds to be increased?
The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while […]
IDFC Infra Bonds
Overview What are infrastructure bonds? To channelize long term retail flows into the Infrastructure sector, the Government of India had introduced Section 80CCF under the Income Tax Act, 1961 (‘the Act’). This […]
What is Section 80C of Income Tax Act ?
In order to encourage savings, the government gives tax breaks on certain financial products under Section 80C of the Income Tax Act . Investments made under such schemes are referred to as […]
LIC, others get nod for tax-free infra bonds
The government allowed Life Insurance Corporation of India (LIC) and a few other finance companies to issue tax-free infrastructure bonds. An investment up to Rs 20,000 in these bonds will qualify for […]