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Submitted by sandeep maheshwari on March 1, 2010 - 03:44

How to invest in Infrastrcture bonds and take advtaneg of tax break

Infrastructure bonds are available through issues of ICICI Bank and IDBI, brought out in the name of ICICI Safety Bonds and IDBI Flexibonds. These provide tax-saving benefits under Section 88 of the Income Tax Act, 1961, up to an investment of Rs.1,00,000, subject to the bonds being held for a minimum period of three years from the date of allotment.

India Infrastructure Finance Co. Ltd (IIFCL) plans to guarantee bonds
issued by private firms to help them earn a better credit rating and
make fund raising cheaper. This will reduce project cost and interest burden.

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About sandeep maheshwari

Sandeep is a an active trader and investor in Indian equity markets.

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