Allotment of IDFC Infra Bond Tranche-2 (u/s 80CCF) bonds was done on March 24, 2012. You can check the allotment status of IDFC Infra Bond Tranche-2 here. Select IDFC Limited-Infra Bond Tranche-2 /2011 from the list. One need either application number, pan number or demat number to view the allotment status. Dispatch date showing in [...]
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LIC had launched single premium life insurance plan - LIC Jeevan Vriddhi, which has death benefit of 5 times the single premium. With the new rules on Life Insurance in Budget 2012, the minimum death benefit should be at least 10 times the annual premium paid. This rule is however effective from April 1, 2012. So [...]
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PFS with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012 as the closing dates have been extended to March 23, 2012. Earlier it was to close on February 29, 2012. PFS Infrastructure Bond Details: Should you invest in PFS Tax Saving Infrastructure Bond? Most of the other Infra bonds offer [...]
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IDFC with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012. IDFC Infrastructure Bond Details: IDFC Infrastructure Bond Features: The bonds don’t attract any TDS in case the investments are in demat form The bonds are available in Demat & Physical form The bonds will be listed [...]
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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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If you have still not invested in infrastructure bonds and still looking for investing for saving income tax , you have four options: IFCI Infrastructure Bond – Series V L&T Infrastructure Bond PFS Infrastructure Bond IDFC Infrastructure Bond – Tranche III Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an additional [...]
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On March 1, 2012 Life Insurance Corporation (LIC) has launched a new Single premium life insurance plan – LIC Jeevan Vriddhi. Lets look at the product in detail and then decide if you should invest in LIC Jeevan Vriddhi LIC Jeevan Vriddhi: Benefits Maturity Benefit: On maturity, the Guaranteed Maturity Sum Assured along with Loyalty Addition, [...]
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If you still looking for investing in Infrastructure Bonds for saving income tax in February 2012, you have option from five companies. IFCI Rural Electrification Corporation L&T Infrastructure Finance Company Infrastructure Development Finance Company (IDFC) SREI Infrastructure Finance Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an additional window [...]
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SBI recently advertised how the fixed deposits offered by SBI under Section 80C helps you save tax and the effective yield. But this is pre tax return. The interest you get is taxable in case of above deposits. Since they have assumed tax bracket of 30%, your post tax yield would come to 14.15% (from [...]
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Bajaj Allianz Guaranteed Maturity Insurance Plan: It is a single-premium unit-linked insurance plan (Ulip) that promises a maturity corpus of at least twice the premium paid. It also provides an insurance cover during the term. The minimum premium under this plan is Rs 5,000, which is also the cost of one guaranteed maturity certificate. Under [...]
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In December, the Central Board of Direct Taxes (CBDT) made it compulsory for anyone paying more than Rs. 1,80,000 rent per annum to provide rent receipts along with their landlord’s PAN number for claiming HRA exemption. But as this is a recent notification and most people only came to know about the same once the [...]
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If you have still not invested in Infrastructure Bond for FY 2011 – 12, you are further spoiled for choice. SERI is latest entrant offering 8.9% – 9.15% interest per annum. The table below gives the details of the issue: Face Value Rs. 1,000/- per bond Minimum Application Rs. 1,000/- (i.e. 1 Bond) Issue Schedule [...]
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In a few weeks most of salaried people have to submit their tax saving investment proofs and this is the time when we all rush to make our investments. Also with stock markets in doldrums for the year a lot of you might be interested in fixed deposits. I have compiled the prevailing interest rates [...]
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Recently Government of India has revised interest rates and maturity periods for its small saving schemes. These small saving schemes include – Post Office Savings Account, Post Office Recurring Deposit, Monthly Income Account Scheme, Post Office Time Deposit, NSC, PPF, KVP, Senior citizens savings scheme and more. The post below briefs about all these schemes. Post Office Savings Account [...]
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