TAX FREE INCOME

One should ensure that their Money also earn for them.

Saving your money from being taxed (legally) itself is earning.

So concentrate on Saving in such a way that your Income is not Taxed.

The Avenues to Tax Free Incomes

• Agriculture Income
• PPF and PF Maturity.
• Share Dividends
• Interest on Tax Free Bonds.
• Life Insurance maturity on certain Conditions.
• Long Term Capital Gains from Shares and Equity Mutual Funds. (Long term is holding beyond 365 days irrespective of Financial Years).
• Savings Bank Interest Up to RS 10,000/ per year.

INVEST WISELY. MONEY NOT TAXED IS MONEY EARNED. EARN MORE.

HAPPY INVESTING

NO 80 CCF for 2013 – 14

For Assessment Year 2013 – 14 there is no Section 80 CCF exemption.

The Rebate on Long Term Infrastructure Bonds u/s 80 CCF of the Income Tax Act 1962 is withdrawn.

The Total Tax Saving Investments will get reduced from Rs. 1,20,000 to Rs. 1,00,000 during financial year 2012-13.

HAPPY INVESTING

TAX SAVING INFRA BONDS

   and   

Long Term Infrastructure Bonds are the two issues currently open for subscription.

The Long Term Infra bonds are eligible for deduction under section 80 CCF of the Income Tax Act 1961.

The benefit under section 80 CCF is limited to Rs.20,000/

COMPANY	REC	IFCI
FACE VALUE (Rs.)	5000	5000
INT RATE (%)	8.95  & 9.15	9.09 & 9.16
INT.PAYMENT	ANNUAL & CUMULATIVE	ANNUAL & CUMULATIVE
ISSUE DATE	19.12.11 to 10.02.12	30.11.11 to 16.01.12
MODE OF HOLDING	DEMAT & PHYSICAL	DEMAT & PHYSICAL

Interest rates are for 10yrs and 15yrs respectively

HAPPY INVESTING

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

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