L&T Infra Tax Saving Bonds

The Tax Saving Long Term Infrastructure Bonds issue is open now.

The issuer is L&T INFRASTRUCTURE FINANCE COMPANY LTD.

The Bonds are in the nature of Secured, Redeemable Non-Convertible Debentures.

Tax Benefits up to Rs. 20,000/ under section 80 CCF of the IT Act1961.

Details of the issue:

Face value	Rs. 1000
Interest  Rate	9%
Interest Payment	Annual and Cumulative
Tenure	10 Years with Buyback option after 5yrs and 7yrs
Minimum	5 Bonds (Rs.5000) and in multiples of 1 bond there after
Listing	Yes, with BSE after 5 yr Lock in period
Issue Period	25th November 2011 to 24th December 2011

Invest and avail tax benefits under section 80 CCF of the IT Act 1961.

Happy Investing

IDFC INFRA BONDS

 

IDFC has come out with the TRENCHE I Tax Saving

Long Term Infrastructure Bonds issue.

 

These are Secured, Redeemable and Non-Convertible Bonds with Tax benefits under section 80 CCF of the Income tax Act 1961.

Under section 80CCF of the IT act 1961, you may deduct up to Rs.20,000/ from your total income.

This is besides the Rs.1,00,000/ limit under section 80C.

By investing you may save up to Rs.6,180/ on Tax.

Issue Details

Tranche 1 Bonds Series	1	2
Face Value & Issue price	Rs.5000	Rs.5000
Interest Rate	9%	9%
Interest payment	Annual	Cumulative
Tenure	10 years	10 years
Buyback Facility	Yes	Yes
Lock in Period	5 yrs	5 yrs
Minimum Application	2 Bonds	2 Bonds
Listing	Yes after 5 yrs	Yes after 5 yrs

 

Invest and save tax.

HAAPY INVESTING

West Indies in India - 2011

Cricket Schedule:

West Indies will play 3 tests and 5 ODIs in India during Nov – Dec 2011.

TEST MATCH

1st TEST	Nov 6th to Nov 10th	Sun - Thu	Delhi – Feroz Shah Kotla
2nd TEST	Nov 14th to Nov18	Mon - Fri	Kolkata – Eden Gardens
3rd TEST	Nov 22nd to Nov 26th	Tue - Sat	Mumbai  - Wankhede

 

ODIs

1st ODI	Nov 29th	Tuesday	CUTTACK
2nd ODI	Dec 2nd	Friday	VISAKHPATNAM
3rd ODI	Dec 5th	Monday	AHMEDABAD
4th ODI	Dec 8th	Thursday	INDORE
5th ODI	Dec 11th	Sunday	CHENNAI

 

HAPPY VIEWING

Fixed Deposit Rates November 2011

Fixed Deposit Rates of some of the Companies
Rates are for 24 months and 36 Months in Percentage

APOLLO HOSPITALS                               9.25   and   9.50

ALEMBIC PHARMA                                  9.00

CEAT LTD                                             10.00   and  10.50

JAIPRAKSH ASSOCIATES                     12.00   and    12.50

MAHINDRA & MAHINDRA                                            9.75

UNITED SPRITS                                    11.50             

HDFC LTD                                              9.65   and  9.75

ICICI HOME FINANCE                            9.00               

LIC HOUSING FINANCE                         9.25             

SHRIRAM TRANSPORT FINANCE           9.75   and   10.75

MAHINDRA & MAHINDRA FINANCE     10.25  and    10.50

HAPPY INVESTING            
 

Infrastructure Bonds

Long Term Infrastructure Bonds are issued by Infrastructure Finance Companies.

Government of India is offering Tax Benefit to Investors to facilitate growth in that sector.

Investors can avail Tax Benefit up to Rs 20,000/ u/s 80CCF of the Income tax Act,1961.

This is besides the 1,00,000/- u/s 80C of IT Act 1961 and these Infra Bonds are the only product eligible under this section.

You save Rs  6180/ on Tax if you are in the highest tax bracket on an investment of Rs 20,000/.

Normally the Interest rate is around 8.25% to 9% . The term is 7 years to 15 years with option to withdraw after 5years.

Bonds will be traded in the exchanges after the initial lock in period of 5 years.

You have options to hold in  Demat or Physical form.

The interest is taxable and is to be included under Other Sources of Income as Interest Income.

Expected Issues:

IDFC / IFCI / LIC / L&T / PFC / IIFL / REC

IFCI is open Now.

HAPPY INVESTING