Extended Tax Benefit - Investing in Infrastructure Bonds |
| Date Added: August 16, 2010 06:45:44 AM |
| Author: IndianMoney.com |
| Category: Business and Economy: Finance and Investment |
| Dear Readers it’s been long time we discussed about a Tax related topic. Most of us know about the 100000 deduction under Sec 80C. From long time people are demanding to increase this level of deduction. One of the fresh tax reliefs in the Budget 2010 is the deduction allowed for investing up to Rs 20,000 in infrastructure bonds. Finance minister Pranab Mukherjee had mentioned in his budget speech that, “To promote savings as well as to ensure their deployment for the thrust area of infrastructure, I propose to allow a deduction of an additional amount of Rs 20,000 for investment in long-term infrastructure bonds. The proposal of creating funds to meet the long-term needs of infrastructure development was mooted in this Budget. Read More...... http://www.indianmoney.com/moneyschool/money-gyan-articles.php?page_id=3&subcat=2&cat_id=1&sub_id=110&aid=946&ahead=Extended%20Tax%20Benefit%20-%20Investing%20in%20Infrastructure%20Bonds |
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