Infrastructure Bonds

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New Section Introduced in Income Tax Act 2011: Section 80CCF was introduced in the Income Tax Act, 1961 in the budget of February 2010. As per this section investments made in notified infrastructure bonds are exempt from tax up to maximum of Rs 20, 000 per year. Section 80CCF allows individuals to invest Rs. 20, 000 in infrastructure bonds, and reduce this amount from taxable income. This exemption is in addition to the Rs. 100, 000 deduction under section 80C (Investment in instruments like ELSS Mutual Funds, Life Insurance, Provident Fund etc).
Interest Income is Taxable: The interest income from infrastructure bond is taxable. The interest will be added to investors taxable income. This means even though the investment in these bonds is exempt from tax (maximum Rs 20, 000). interest income is not. This means investment under section 80CCF is advisable only after the investor has completely exhausted Rs One Lakh investment under section 80C.

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Arm Fintech Consultants Private Limited

Hemant Banu Sarani, Kolkata, West Bengal
GST- 09AAHCA1334K1ZP
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New Section Introduced in Income Tax Act 2011: Section 80CCF was introduced in the Income Tax Act, 1961 in the budget of February 2010. As per this section investments made in notified infrastructure bonds are exempt from tax up to maximum of Rs 20,000 per year. Section 80CCF allows individuals to invest Rs. 20,000 in infrastructure bonds, and reduce this amount from taxable income. This exemption is in addition to the Rs. 100,000 deduction under section 80C (Investment in instruments like ELSS Mutual Funds, Life Insurance, Provident Fund etc). 

Interest Income is Taxable: The interest income from infrastructure bond is taxable. The interest will be added to investors taxable income. This means even though the investment in these bonds is exempt from tax (maximum Rs 20,000). interest income is not. This means investment under section 80CCF is advisable only after the investor has completely exhausted Rs One Lakh investment under section 80C. 
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Infrastructure Bonds

About the Company

Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Nature of BusinessService Provider
Annual TurnoverRs. 1 - 2 Crore
IndiaMART Member SinceFeb 2014
GST09AAHCA1334K1ZP
At Sakshi Securities, we offer you a complete range of solutions that complement our advisory services. The range includes a combination of best of breed proprietary and non proprietary (third party) products.
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Dinesh Kumar Kandoi

Center Point, No. 21, Hemant Banu Sarani, Suit-433, 4th Floor
Hemant Banu Sarani
Kolkata - 700001, West Bengal, India

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