Nov 25, 2011

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

Nov 5, 2011

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            
 

Nov 3, 2011

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