Tuesday, January 3, 2012

Save Tax Go for Infrastructure Bonds

Dear Friends,


January has come & you will be now planning for your tax saving instruments.  Some of you might have already done it but still many have yet not gone for it.


One can save tax on Rs.1,00,000/- upto Rs.33500/- by investing in Life Insurance premium, PPF & PF, National Saving certificates, or by Paying children's fees upto 2 children & upto Rs 24,000/- & rest in other instrument mentioned or by investing Mutual Fund's Equity Linked Savings Scheme (ELSS). If one wants to go for ELSS then some Mutual Fund's link is given in Right Hand side Box under Head 

On Line Mutual Fund Applications Link

 click that link and choose Tax saving ELSS scheme name to invest in.

Over and above limit U/S 80C of Rs.1,00,000/- you can still invest more of Rs. 20,000/-  and claim rebate - reduce your income U/S80CCF by Rs.20,000/- by applying infrastructure Bonds and save tax upto Rs. 6600/- according to your Tax slab.

Currently four Infra Bonds are going on namely IFCI, PTC, REC & Srei Infra. Rates are more or less same. I personally would prefer to go for REC as its rating is better then others & is having more Govt. stage in Share Holding.  You can download forms from below link & deposit directly with the collecting Banks. 

When you download forms please ensure that you download forms by clicking Business Associates Tab & putting our code 165918 in subbroker's column so that we make some earnigs otherwise only our Main Broker will earn. The screen shot is given below. For more info you may contact me on pinals6@yahoo.co.in


APPLICATION FORMS
Company :
Sub Broker Code (Not Mandatory) :
No Of Application Form (Maximum 25 Forms at one time) :
  
Kindly note that a distinct application number has been given for each of the forms to be downloaded.   Please refrain/avoid making copies of the application forms as forms bearing the same application form will be technically rejected.   Only Resident Indians can use this application form. 



Bye for now. Stay tuned till next update.
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