In the Union Budget 2010, the Government provided an additional income tax benefit of 20,000 under section 80CCF of the Income Tax Act, 1961 for investments made in long-term infrastructure bonds (as notified by the Central Government). This move was intended to provide a fillip to infrastructure finance and provide an opportunity to individual tax payers to reduce their tax liability.
In light of the same Infrastructure Development Finance Company (IDFC) Limited ("the issuer"), at present is offering these "long-term infrastructure bonds". However, before we assess whether it is really worthwhile investing in these bonds.
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Should you invest in IDFC's Long-term Infrastructure Bonds?
In light of the same Infrastructure Development Finance Company (IDFC) Limited ("the issuer"), at present is offering these "long-term infrastructure bonds". However, before we assess whether it is really worthwhile investing in these bonds.
Read More:
Should you invest in IDFC's Long-term Infrastructure Bonds?
