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  • Category: General

    Tax saving by ifci bond

    This is the time to think and save the tax by investing in IFCI Long Term Infarstrucre Bond-II which closes on 31-12-2010. The maximum limit of Rs.20,000/- invested in this bond will be considered under section 80ccf of I.T.Act and will be benifited from taxable income, apart from the upper limit of lac invested in LIC,PPF etc which comes under 80c. Those who are having the demant account only can apply for this and lock in period is 5 years and will get 8% interest with the amount invested. So don't wait for last minute.
  • #2459
    This is a great idea to reduce our taxes but ifci bond seems to be tampered at times and fraudlent bonds are coming out most of the times. So we have to be careful whils making the bond. This demat account seems to be as a fixed deposit in an account that would appear like as recurring deposit money. Any way thanks for sharing this message.

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