IDFC Long term infrastructure bond is open till 16th Dec 2011 and L&T is open till 24th Dec 2011. Both are giving 9% interest pa. But looks like IDFC has better rating, though both are very similar.
Invest 20K to save tax under 80CCC (6k+) for this year. Choose the option of buyback after 5 years with cumulative payout (option 2 in IDFC?). At the end of 5 yrs cumulative you will get back 30780. Gain on returns is taxable while buying back.
IDFC should you invest link has good information.
Invest 20K to save tax under 80CCC (6k+) for this year. Choose the option of buyback after 5 years with cumulative payout (option 2 in IDFC?). At the end of 5 yrs cumulative you will get back 30780. Gain on returns is taxable while buying back.
IDFC should you invest link has good information.
One should be able to buy this easily from iccidirect or hdfc isec online trading websites. Or follow the cumbersome process of filling it up on paper.
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