IDFC with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012.
Tax Rate (%) | Tax Benefit adjusted rate of return on Maturity | |
10.3 | 10.11% | 9.61% |
20.6 | 12.08% | 10.95% |
30.9 | 14.45% | 12.50% |
Tax Rate (%) | Tax Benefit adjusted rate of return on Buyback | |
10.3 | 11.23% | 10.81% |
20.6 | 14.50% | 13.54% |
30.9 | 18.39% | 16.74% |
This might be the last of Infrastructure Bonds – as Infrastructure Bonds (under Sec 80CCF) would no more be eligible for Tax Saving Instrument from FY 2012-13.
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What is tax applicability on maturity proceeds of IDFC L T INFRA BONDS 2012 under Indian Income Tax rule..?