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

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

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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