POSTED BY April 8, 2011 10:50 am COMMENTS (3)
ONHi All,
There was tax incnetive on Infra bonds to continue for FY 2011-12. But I do not see any of the bonds open for offer at this point in time.
Any idea or suggestion on Infra bonds available now and where to buy it from.
Regards
Nikhil
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Dear Nikhil, The reason of so many bonds in JFM period (January, February & March) lies in the fact that most of the people wait for the end of FY to do their tax planning & investing accordingly. Same euphoria you may witness for life insurance policies for the tax saving part in their ad campeigns in JFM period.
Thanks
Ashal
Thanks ashal …
What surprised me is the flurry of bonds that were available during last quarter and why suddenly none are available during start of FY.
Is this a normal case to cash on tax benefits ?
Regards
Nikhil
Dear Nikhil, the FY has just stated. Please wait for at least a month. By next month or so, at least one c. ‘ll offer Infra bonds.
Thanks
Ashal