Extra 20000/- Deduction?

Can anybody tell me abt the Instruments, by which one can avail the extra 20000 deduction, over and above the 80C investments??

Thanks

Replies (2)

Interest Earned on this Bonds is taxable ,however TDS is not applicable .
 

IFCI Tax Exemption Long Term Infrastructure Bonds- Series I
 
PRIVATE PLACEMENT
 
SUMMARY TERM SHEET
Issuer IFCI Limited
Offering 1,00,000 Unsecured, Redeemable, Non-Convertible, Taxable Bonds of Rs. 5,000/- each aggregating to Rs. 50 Crore with a green-shoe option to retain over-subscripttion for issuance of additional Infrastructure Bonds
Type Private Placement basis
Instrument Unsecured, Redeemable, Non-Convertible, Taxable Bonds having benefits under section 80 CCF of the Income Tax, 1961 for long term Infrastructure Bonds
Rating BWR AA- by BRICKWORK RATINGS INDIA PVT LIMITED
Eligible Investors Resident Indian Individual (Major) and HUF through Karta of the HUF
Security Unsecured
Face Value Rs.  5,000/- per bond
Issue Price At par (Rs. 5,000/- per bond)
Minimum Subscripttion 1 Bond and in multiples of 1 Bond thereafter,
Tenure 10 years, with or without buyback option after five years
Options for Subscripttion The Bonds are proposed to provide the following options-
• Option I - Non-cumulative and Buyback after 5 years
• Option II - Cumulative and Buyback after 5 years
• Option III - Non-cumulative and no Buyback
• Option IV - Cumulative and no Buyback
Redemption / Maturity At par at the end of 10th year from the deemed date of allotment. For Cumulative Option, at par with cumulated interest thereon.
Coupon rate
• Option I & II- 7.85% p.a.
• Option III & IV - 7.95% p.a.
In case of cumulative bonds, interest shall be compounded annually
 
Listing Proposed to be listed on BSE
Trustee Axis Trustee Services Limited
Depository National Securities Depository Ltd. and Central Depository Services (India) Ltd.
Registrars Beetal Financial & Computer Services (P) Ltd.
Mode of Payment Interest payment will be made through ECS/At Par Cheques/Demand Drafts
Issuance Demat form only
Trading Demat mode only
Issue Open Date August 9, 2010
Issue Close Date August 31, 2010
• The issuer would have an option to pre-close the issue by giving 1 day notice to the Arrangers
Deemed Date of Allotment September 15, 2010
 

Do’s

  • Check if you are eligible to apply
  • Sign the application wherever required
  • Attach a copy of self attested PAN Card along with the application form
  • In case of HUF applicant kindly put the stamp of HUF on the application form
  • Ensure that you mention the PAN no. allotted under the IT Act on the application
  • Check that you have mentioned correct DP Name, DP ID and Client ID on the application form
  • Check there is no name mismatch with the Demat account
  • In case of joint application check that the name on application form appears in the same order as it appears in Demat account
  • Read all the instruction carefully and complete the application form
  • Application shall be signed by Karta in case of HUF


Don’ts

  • Do not apply for an amount lower than the minimum application
  • Do not pay the application money in cash
  • Do not submit unsigned application

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