Tax Saving Bonds under Section 80 CCF : IDFC Infrastructure Bonds by March, 2011.

by khalid on 16/12/2010 · 32 comments

There is a new kind of tax saving option is introduced by finance minister this financial year and that is Section 80CCF. Equity savvy investor never liked to invest in Infrastructure bond and to encourage them to take part in Indian growth story and at the same time save some income tax too. According to the proposal, 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.

IDFC Limited plans to float a second batch of tax-saving infrastructure bonds by March, 2011. The company aims to mop up Rs 3,400 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.

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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{ 31 comments… read them below or add one }

Chirag January 15, 2011

Humm this will be the Third Tranche which they bringing in March!

Reply

khalid January 15, 2011

Thanks for updating Chirag, I think this second tranche which is opening on 17th January, was not scheduled earlier.

Reply

sanjay sharma January 28, 2011

wants tax saving bond

Reply

Gopal Shinde March 28, 2011

Please give me the contact person details in Pune for purchase of infrastructure bonds immidiately so that I can purchase the bonds before 31st Mar 2011

Reply

Rakesh January 29, 2011

wants tax saving over 100000 investment, under section 80 D &
Wanted invest in Infrastructure bonds exempted under 80 CCF
With regards
Rakesh Bhat
Cell no -09419287149

Reply

ANAND KUMAR GARG February 17, 2011

wants tax saving over 100000 investment, under section 80 D &
Wanted invest in Infrastructure bonds exempted under 80 CCF
With regards

Reply

venkat February 26, 2011

please call me at 9241545354 for Infrastructure bonds processing (for bangalore only).

Reply

VELMURUGAN February 23, 2011

I want invest Tax saving Bonds under section 80 CCF: IIFCL Infrastructure Bonds (or) IFCI Infrastructure Bonds.

Please contact immediately.

My Mobile No: 09543251771

Best Regards,
Velmurugan.

Reply

venkat February 26, 2011

if any body required Infrastructure Bonds processing, please call me at 9241545354 (for
bangalore only).

Reply

Sanjay Jain March 7, 2011

Dear Sir,

Pls inform about the details on Tax saving infrastruture board and how can I get. We are situated at Sonepat and if there is any branch / person pl advise.

Regards,
Sanjay Jain
Cell 08053184948

Reply

R.S.Purushothaman March 9, 2011

sir,date closing?
Appl.availbility?
Letme know contact name and mobile near Cuddalore/Gudiyatham.
Document requirement?

Reply

vipin kumar gupta March 14, 2011

f

Reply

venkat March 19, 2011

if any body required Infrastructure Bonds processing, please call me at 9241545354 (for bangalore only).

Reply

balan n k March 20, 2011

i want this bond of rs 20000 where i want to contact my no 9497393939

Reply

Gopal Shinde March 28, 2011

Please five me the contact person details in P{une for purchase of infrastructure bonds immidiately so that I can purchase the bonds before 31st Mar 2011

Reply

Gopal Shinde March 28, 2011

Please five me the contact person details in Pune for purchase of infrastructure bonds immidiately so that I can purchase the bonds before 31st Mar 2011

Reply

sahadev Mondal April 18, 2011

IDFC Bonds- (Tax saving- schme) purchased on 12 /11/2010 through Demat a/c.
Now decided to close demat account, Should I get the Bond certificates in physical Form, which holding on Demat a/c. Kindly advice with a better soluation.

Reply

sahadev Mondal April 18, 2011

IDFC Bonds- (Tax saving- schme) purchased on 12 /11/2010 through Demat a/c.
Now decided to close demat account, Should I get the Bond certificates in physical Form, which holding on Demat a/c. Kindly advice with a better soluation.
Regards
s mandal

Reply

khalid April 18, 2011

Hi sahadev ,
Demat account is very convenient to hold but if you don’t then you apply for physical bond certificate to the registrar of HDFC Bond and after receiving the physical certificates close your demat account.

Reply

SURESH SRINIVASAN October 29, 2011

Please give me the contact person details in Jamnagar, Gujarat for purchase of infrastructure bonds immediately so that I can purchase the bonds.

Reply

Iti Chattopadhyay November 20, 2011

Pls inform me from where and when I can buy tax saving bond.Pls let me know the time or month of getting this bond.

Reply

Parshva Shah November 22, 2011

Kindly let me know in case if any one require this bonds or any other TAX FREE & TAX SAVING INVESTMENT.

Regards,
Parshva Shah
C-9987443086
Zillion Financial Services

Reply

venkat November 22, 2011

For Infrastructure Bonds processing, please call me at 9241545354 (for bangalore only)

Reply

Amit Surpuriya November 26, 2011

If anybody want’s to invest in Infrastructure Bond 80ccf – Contact – Amit Surpuriya – 9850873688 – Pune – email asurpuriya@gmail.com

Reply

Amit Surpuriya January 9, 2012

For Application of Infrastructure Bonds – Contact – Amit Surpuriya – 9850873688 – Pune

KSHITIJ FINANCIAL SERVICES
Mutual Funds | Infrastructure Bonds | 54EC Capital Gain Bonds | Tax Planning | Company Fixed Deposit | Debentures

Reply

Srinithya January 10, 2012

For investing in Infrastructure bonds in Chennai, Please contact 98402 88233

Reply

v d yadav January 28, 2012

Pls inform me from where and when I can buy tax saving bond. for finincial year jan2012 to decemb 2012 Pls let me know the time or month of getting this bond.

Reply

khalid January 28, 2012

Hi Yadav,

You can buy tax saving bonds from particular company’s registrar or from guys giving their numbers here in comment section. One more thing financial year ends on 31st March every year means FY 11-12 will end on 31st March 2012.

Reply

khalid January 28, 2012

currently available infra bonds can be seen over here in following post.
http://bellthebull.com/income-tax/tax-saving-bonds-under-section-80-ccf-calendar-2011-12/

Reply

venkat February 16, 2012

For Infra Bonds processing, please call or contact or phone me at 9241545354 (for bangalore only).

Reply

sanjay March 9, 2012

I was opened the IDFC infra bond on 10/12/11 with the application no 16864054 through Bluchip, matunga branch but still i have not recived the certificate from them , Pls confirm the status of the same at the earliest

Thanks

Sanjay M.

Reply

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