L&T infrastructure bonds 2010
L&T infrastructure bonds 2010 are now available to public for tax saving investment. You can subscribe L&T infrastructure bonds up to Rs20000 means maximum limit for tax saving is Rs20000
Last date for subscription: 2 November 2010
with section 80ccf you can invest 20000Rs and save max 6180 in taxes.
1 bond subscription = Rs5000 and min subscription is 2 bonds, that’s Rs 10000 amount and no max investment limit. (only first 20000 considered for tax saving)
Tax Benefit:Section 80CCF
Interest: 7.50 % and 8%