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
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