Friday, 15 October 2010

IDFC Infrastructure Bond Extended the Closing date

IDFC (Infrastructure Development Finance Co Ltd) Extended the closing date of its Infrastructure Bond to 22nd October, 2010. When the issue starts on 30th September, 2010 the closing date was fixed as 18th October, 2010. Now they extended to another 4 days.

Now the investors have 4 more days to take their decision to invest in this infrastructure bond and this bond allows an additional income tax exemption for the investment of Rs. 20000 under section 80CCF of income tax rule. The main disadvantage of this type of infrastructure bonds under Sec 80CCF is that it can be purchased only through a demat account. It makes some inconveniences to common man.

See our earlier post

Infrastructure Bond for Additional Rs. 20000 exemption under section 80CCF

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