IDFC Infra Bond- Benifit in tax if opt for both the options?

POSTED BY Geet ON November 24, 2011 10:21 am COMMENTS (3)

Hi Guys,

I wish to invest in IDFC infra bond for the tax benifit.
However I wish to know whether it is possible to get the tax benifit if I invest 10k respectively in both the options viz abbual & cumulative respectively?

I do not need the interest so I am ok to invest 20K full as well in cumulative options, but would like to check if I am eleigible to get tax benifit if I split 20K in both options?

As always, thanks in advance for your help.

Regards,
Geet

3 replies on this article “IDFC Infra Bond- Benifit in tax if opt for both the options?”

  1. Geet says:
    November 26, 2011 at 3:21 pm

    Thanks guys for your valuable answers. Really helped me.. 🙂

    Reply
  2. ashal jauhari says:
    November 24, 2011 at 10:49 pm

    Dear Geet, no matter you are opting full 20K in cumulative option or split between cumulative & yly pay out or full amount in yly pay out. ultimately the money is being invested in Infra bonds, hence the basic amount of 20K ‘ll be available for tax benefit.

    Please do note interest received from these bonds is taxable hence it’s advisable to receive interest yly to save on higher tax if you falls in higher tax slab than your current one at the time of redemption of these bonds.

    My personal take – Invest in these bonds only if you are in 30% tax slab, else pay tax & invest the remaining money else where to earn better return.

    Thanks

    Ashal

    Reply
  3. Lokesh Jain says:
    November 24, 2011 at 5:40 pm

    Hi Geet,

    You are eligible for Tax Benefit even if you invest in both the options. Ultimately you are investing in bonds whether it is annual or cumulative, tax benefit is available in both options.

    Reply

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