In Order to garner additional resources for financing of infrastructure projects, the Indian Govt. decided to offer Income Tax benefits on Infrastructure Bonds Under Section 80 CCF of the Income Tax Act, 1961, Investment upto Rs. 20, 000 made in Long-Term Infrastructure Bonds (as notified by the Central Government) will be eligible for Tax Deduction. The underlying reason believed the initiative is to encourage more Investment in the Infrastructure space. But Infrastructure financing companies can raise only upto 25% of their Incremental Investment in the previous financial year from these bonds.
1ST FLOOR,250/252,LUCKY MANSION,BAZAR GATE STREET,FORT
Mumbai - 400001, Maharashtra, India
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