It is the time to search for tax saving measures to avoid income tax. The latest in the offer are tax saving infrastructure bonds, shortly called as infra bonds. The important companies that are offering infra bonds for the year 2013 are: 1) NHAI – National Highway Authority of India 2) PFC (Power Finance Corporation)…
Govt. of India has allowed certain Infrastructure companies to issue Long Term Tax Saving Infrastructure Bonds. These companies include IDFC, IFCI, REC, IIFCL, L and T, ICICI etc. Investors of these Infra Bonds can claim tax exemption under section 80 CCF of the Income Tax Act, 1961 for an amount up to Rs. 20000. This…