Personal Finance - Save upto Rs. 6,180 income tax by investing in PFC LT Infra bonds in IPO's & MF's - Presenting Power Finance Corporation Limited public issue of Long term infrastructure bonds with benefits under section 80CCF.
Key Highlights of ...
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10-10-2011 03:04 PM
Save upto Rs. 6,180 income tax by investing in PFC LT Infra bonds
Presenting Power Finance Corporation Limited public issue of Long term infrastructure bonds with benefits under section 80CCF.
Key Highlights of the Issue:- Issuer : Government of India undertaking (Nav-ratna Company)
- Highest Credit Rating : Crisil - 'AAA/Stable' and ICRA - 'AAA with stable outlook'
- Minimum Investment : One Bond and in multiples of one Bond thereafter
- Additional Tax Benefit : Tax deduction of 20,000 u/s 80CCF over and above the limit of 1,00,000 u/s 80C
- Coupon Rate : Upto 8.75% p.a.
Click Here for more details.
You will now get acknowledgment mail for your online (investments made through ICICIdirect.com) tax saving Long Term Infrastructure investments immediately after execution of your order. Alternatively, after execution you could take a print out of the receipt by clicking on the Tax Receipt link on the IPO Order page.
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