INFRASTRUCTURE BONDS U/S 80CCF
This query is : Resolved
CA SANDESH MAHIPAL
(Querist)
19 February 2011
I WANT TO CLAIM ADDITIONAL RS.20000/- DEDUCTION U/S 80C.
WHICH COMPANIES BONDS SHOULD I PURCHASE AND WHAT WILL BE INTEREST RATE ON SUCH BONDS?
WHICH COMPANIES BONDS SHOULD I PURCHASE AND WHAT WILL BE INTEREST RATE ON SUCH BONDS?
CA PARAS BAFNA
(Expert)
20 February 2011
The Additional 20000/ deduction is available U/s 80CCF.
Presently L&T Infrastructure Bonds issue is open till 7th March.
The total issue of Rs 100-crore non-convertible debentures, offering a coupon of 8.20% per annum in the first series (series I) which can be redeemed after 5 years and 8.3% in the second series or (series II) can be redeemed after 7 years.
The Additional 20000/ deduction is available U/s 80CCF.
Presently L&T Infrastructure Bonds issue is open till 7th March.
The total issue of Rs 100-crore non-convertible debentures, offering a coupon of 8.20% per annum in the first series (series I) which can be redeemed after 5 years and 8.3% in the second series or (series II) can be redeemed after 7 years.
Guest
Guest
(Expert)
20 February 2011
Bonds of REC is also available with 8.00% interest.
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