Archives for

Taxes

Service Tax and Excise Duty Increase – Budget 2012 Impact

Budget for most of us means – Income Tax! But there is something more than Income tax – Service Tax and Excise duty which impacts our household expenses and thus the money we can save. I am sure Service Tax is something that most of us would be aware of. If not just pull out [...]

PFS Tax Saving Infrastructure Bond (U/S 80 CCF) Details

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 [...]

IDFC Tax Saving Infrastructure Bond – March 2012 Details

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 [...]

Income Tax Department Advertisement

I saw a series of advertisements by Department of Income tax in newspapers making people aware of “How Income Tax department can catch you – if you are doing some high value transactions and don’t declare it.” I guess IT department is going hi-tech and hope they are doing good analytics to get hold of [...]

SERI Tax Saving Infrastructure Bond – Details & Review

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 [...]

Invest in REC Infrastructure Bond to save tax

There has been a series of Infrastructure launches one after the other. L&T & IDFC had successfully closed their infrastructure bond isues and not its IFCI and REC (Rural Electrification Corporation Limited) Infrastructue Bonds. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Face Value Rs. [...]

Save taxes with IFCI Infrastructure Bonds – Series IV

IFCI is once again out with infrastructure bonds – IFCI Tax Saving Long Term Infrastructure Bonds–Series IV. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Rating ‘BWR AA-’ by Brickwork Ratings India Pvt. Limited CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.) ‘LA’ by [...]

Save taxes with IDFC Infrastructure Bonds 2011

IDFC is once again out with infrastructure bonds – IDFC Tax Saving Long Term Infrastructure Bonds. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. These bonds have got the highest credit rating of (ICRA) AAA by ICRA and Fitch AAA (ind) by Fitch. Issue [...]

Invest in PFC Infrastructure Bond to save tax

There has been a series of Infrastructure launches one after the other. First in 2011 was IFCI and now its Power Finance Corporation (PFC) Infrastructue Bonds. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Rating “AAA/Stable” from CRISIL and “AAA with stable outlook” from ICRA [...]

Save taxes with IFCI Infrastructure Bonds 2011

IFCI is once again out with infrastructure bonds – IFCI Tax Saving Long Term Infrastructure Bonds–Series III. You can invest in the same upto Rs. 20,000 to save tax. Below are the details of the same. Rating ‘BWR AA-’ by Brickwork Ratings India Pvt. Limited CARE‘A+’ by CARE Ratings (Credit Analysis & Research Ltd.) ‘LA’ by [...]

How to redeem ELSS/ Tax Saving Fund before 3 years?

I found this intersting Question and the corresponding answer on Business Standard & ValueResearchOnline I had invested in ELSS (equity linked savings scheme) funds one year before, but I have not claimed this investment while filing for return. Can I withdraw from the ELSS, though the three-year lock-in is not complete? ELSS are tax-saving funds, [...]

Save more taxes – Invest in IFCI Infrastructure Bonds!

I love to save Taxes and so do most people. And if you remember Finance Minister’s announcement in recent budget gave an opportunity to save taxes on additional Rs 20,000 by investing in Infrastructure bonds. In keeping with this IFCI has launched the first infrastructure bond recently. The subscription is open till 31st August 2010 [...]

Invest Rs 63,000 and save full Income Tax on Rs 1,00,000 under Sec 80C!

The Happy New Year feeling is finally over as we are fast approaching the end of Financial Year 2009-10. Well the saddest part of financial year end is you need make all your investments in whatever way you can before March 31st and pay all your remaining taxes. As part of Tax planning and investment [...]