Government

NBCC IPO: Allotment and Listing

NBCC IPO

The government fixed the share issue price for state-owned National Buildings Construction Corporation’s (NBCC) public offer at Rs 106 per share to raise about Rs 127 crore and would be listed on April 12, 2012. Check Allotment  for NBCC IPO here – Bigshare You would either need Application Number, Demat Account or PAN Number NBCC would […]

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Infrastructure Bonds (Sec 80CCF) no more Tax Saving Instrument – FY 2012-13

Infra bonds not eligible for tax benefit FY2012-13

If you were celebrating the tax cuts for next year (FY 2012-13) in Budget 2012, there is some bad news! Infrastructure Bonds would not be eligible as Tax saving instrument under Section 80CCF from FY 2012-13.  What was the benefit? Two years ago there was an additional deduction introduced to encourage investors to put money into

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