IDFC Infrastructure Bonds closes on 4th February 2011 : Hurry up to save tax

by khalid on 27/01/2011 · 20 comments

Hurry up to save income tax as the last date for subscription of second batch of tax-saving infrastructure bonds from Infrastructure Development Finance Company Ltd (IDFC) is 4th February 2011.

These bonds are long term infrastructure bonds of face value of Rs 5,000 each, in the nature of secured, redeemable, non-convertible debentures, having benefits under Section 80 CCF of the income Tax Act, 1961. The company aims to mop up Rs 2929 crore through these long-term bonds at the peak of the tax-saving season. Earlier IDFC raised Rs 436 crore from the first issue , which closed on 25th October 2010.

According to the Section 80 CCF of the income Tax, individuals can invest up to Rs 20,000 in these bonds in addition to the Rs 1 lakh limit available under Sections 80C, 80CCC and 80CCD such as life insurance premium, provident fund, PPF and National Savings Certificate.

The maximum amount of income not chargeable to tax in case of individuals (other than women assesses and senior citizens) and HUFs is Rs 1,60,000. In the case of women, the limit is Rs 1,90, 000 and in the case of senior citizens, it is Rs 2,40,000 for FY10. Hence those guys whose income exceeds these slabs can go for these bonds.

Tax Benefits :- Under section 80CCF of the Income Tax Act, Rs 20,000 per annum paid or deposited as subscription to long term infrastructure bonds shall be deducted in computing the taxable income. This is over and above Rs 1,00,000 tax benefit available under section 80C, 80CCC and 80CCD.

Benefits as per Tax slabs :-
1. Slab 10.3% : Rs 2,060
2. Slab 20.6% : Rs 4,180
3. Slab 30.9% : Rs 6,180

Pros:- The limit of Rs 20,000 per annum is in addition to Sections 80C, 80CCC and 80CCD. Hence, it is advisable to consider applying in this issue.
Cons:- The bonds are locked in for five years, so there is no exit in case you need the money midway which restricts liquidity.

Stay tuned to BelltheBull Blog for more news from Infrastructure Development Finance Company Ltd (IDFC) !

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{ 20 comments… read them below or add one }

GOPI VENKAT KRISHNA January 31, 2011

Sir,

Please send me details of IDFC Infrastructure Bonds

Thank you.

Regards,
Gopi.

Reply

g satheesh February 1, 2011

can you apply with out demat account

Reply

khalid February 2, 2011

yes satheesh you can invest in infrastructure bond without demat account.

Reply

Nagarajan R February 1, 2011

Please give the details of the IDFC infrastructure bond and also let me know the address of the seller of this bond in Madurai/Dindigul at Tamilnadu.

Thanking you
R.nagarajan

Reply

Md. Ashrafuz Zaman February 3, 2011

I would like to know about d broker ship of this IDFC infrastructure bonds… so please send me d details in my email……

i will b waiting 4 your reply……

Reply

khalid February 4, 2011

Hi Ashrafuz,

You can start sub brokerage of these bonds, check your mail.

Reply

Tarun kumar February 15, 2011

Call me 9873774241

Reply

khalid February 15, 2011

Hi Tarun,

What information you want to know ?

Reply

pravin February 16, 2011

plese send in ditels of this plans &where i take this bond i leave in hadpsar

Reply

mahendra kumar jain February 17, 2011

what is the status of my application no-25497338

Reply

Vasanthy Krishnan, LIC Agent, Janakpuri, New Delhi February 17, 2011

For all your insurance requirements:

Vasanthy Krishnan
Authorized LIC Agent,
Res: B1A-28A, Janakpuri, New Delhi – 110058
(Res) 25595991/45647303
LIFE INSURANCE CORPORATION OF INDIA

Old Age Security, Family Security, Tax Saving, Compulsory Savings, Children Savings & Housing Loan etc.

Reply

Anil kumar a Gupta February 21, 2011

Til i have not get my infra bond
Pan no aeppg7286k

Reply

khalid February 25, 2011

Hi Anil,

Please contact here regarding your query :

Email: infrabond@idfc.com
Website: http://www.idfc.com
Call: 022 – 4222 2000

Thanks for your visit.

Reply

pravin February 21, 2011

i want purchase this bond i leave in hadpsar pune plz gide me

Reply

n p haran February 24, 2011

I have applied for IDFC infrastructure bond 2011 but i am not awarewhether the bonds have been despatched by you whereas my collegues who have applied later than me have recieved the bonds. My application number is 5-5649721 dated 24-1-2011 and deposied in HDFC bank on 25-1-2011. My mobile number is 09886598705.

Regards
Yours faithfully
N. P. Haran

Reply

khalid February 25, 2011

Hi Haran,

I am afraid this is not the proper place about your quiry, so please for any queries on IDFC Infrastructure Bonds contact on following email or phone number.

Email: infrabond@idfc.com
Website: http://www.idfc.com

Call: 022 – 4222 2000

Thanks for your visit.

Reply

Narendra Rokade February 26, 2011

my application no. is 16482745 dated 31/01/2011.
I have not received bonds/certificate till date. How
much time it will take.

Reply

Fine Shine India October 7, 2011

Now you can save 30% Tax benefit Rs 7,880/- u/s 800ccf on infrastructre bond cont for door step serv,Fine Shine India 9716300093,9311099558 so to save tax contact

Reply

Amit Surpuriya January 20, 2012

FOR APPLICATION FORMS OF INFRASTRUCTURE BONDS – CONTACT – AMIT SURPURIYA – 9850873688 – PUNE

KSHITIJ FINANCIAL SERVICES
Mutual Fund | Infrastructure Bond | 54EC Capital Gain Bond | Tax Free Bond | Company Fixed Deposit | MediClaim |

Reply

ashok surana February 18, 2012

i have not yet received interest amount of idfc infra bonds purchased in feb 2011.

Reply

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