Save Rs. 6180/- Invest Under Section 80 CCF of Income Tax

Friends,

If you are a Tax Payee and fall in the bracket of above 8,00,000/- of Taxable Income then you can Save Tax up to  Rs. 6180/- by investing in Infrastructure Bonds. Now L&T Infrastructure Finance Company Ltd is going to issue Public investment u/s 80CCF of the I.T. Act - February 2011 . The details are as under :-

L&T INFRASTRUCTURE FINANCE COMPANY LIMITED

Issue Opens                             :        7th February, 2011

Issue Closes                            :        7th March, 2011

Issue Size                                :        Rs.100 Crores

Green Shoe                             :        Rs.300 Crores

Face Value                              :        Rs.1000/-

Minimum Application Size        :        5 Bonds and multiples of 1 Bond

Maturity Period                        :        10 Years from the date of Allotment

Lock in period                          :        5 years from the Date of Allotment

Buy Back Option                      :        Available at the end of 5 year & 7 years

Interest Rate                              :        8.20% p.a. (Option -1) & 8.30%  p.a. Compounded Annually (Option-II)

Issuance                                    :        In Dematerialised  Form(*)

Trading                                      :        In Demat Form post Lock-in periond

Listing                                        :        NSE

Ratings                                       :        CARE AA+ by CARE and LAA+ by ICRA

Lead Managers                          :        ICICI Securities Limited, HDFC Bank Limited, SBI Capital Markets Limited and Karvy Investor Services Limited

(*) As per 80CCF Notification, the Yield of the Bond (to be paid by the Issuer) shall not exceed the yield on government securities of corresponding residual maturity as reported by the Fixed Income Money Market and Derivatives Association of India (FIMMDA), as on the last working day of the month immediately preceding the month of the issue of the Bond.)

For holding the Bonds in physical form:

(i) Please select the option for holding the Bonds in physical form in the Application Form;
(ii) please provide full details under "Applicants Details", the bank account details in the Application Form; and
(iii) provide self attested copies of the KYC Documents along with the Application Form.

KYC Documents

Self-attested copies of the following documents are required to be submitted by the Applicants as KYC
Documents:

1. Proof of identification for individuals; the following documents are accepted as proof for individuals:
• Passport
• Voter's ID
• Driving Licence
• Government ID Card
• Defence ID Card
• Photo PAN Card
• Photo Ration Card

2. Proof of residential address; the following documents are accepted as proof of residential address:
• Passport
• Voter's ID
• Driving License
• Ration Card
• Society Outgoing Bill
• Life Insurance Policy
• Electricity Bill
• Telephone (Land/Mobile) Bill

3. Copy of the PAN card