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L&T Tax Saving Infrastructure Bonds Nov.2011:


L&T has come up with issue of tax saving infrastructure bonds Tranche 1.This issue will carry tax benefits U/S. 80CCF upto Rs. 20,000/-.

Issue Details:

  • Open Date: 25th Nov. 2011.
  • Issue Close Date: 24th Dec.2011.

Interest Rate:

Interest rate offered by issue is 9%.

Investor can choose to take annual interest payment as well cumulative at the end of bond maturity or buy-back period.

 

  • Lock in period is as usual of 5 yrs.
  • Face value of bond is Rs.1000/-.
  • Bonds will be listed at BSE and can be traded only after lock in period of 5 yrs.
  • Buy-back date: First working day after completion of 5 yrs.and first working day after completion of 7 yrs.
  • Documents required to apply are as usual i.e.Self attested pan card,address proof and cancelled copy of cheque for physical mode and self attested pan card for demat mode.
  • A/C pauee Cheque should be made in favor of “L&T Infra Bonds 2011B” .
I am Pune based sub-broker of the issue.If you want application form at your e-mail address email me on:  ppdeshpande123@gmail.com.

Category: Fixed Income

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17 Responses

  1. Mohan says:

    I want to purchase L&T Infrastructure Bond. Please let me know from where i can purchase.

    What return I will get? I am in Hyderabad.

    Let me know the last date & is there any extension for submission.

  2. ambika says:

    last date of infrastructure bonds

    • admin says:

      Hi,

      L&t Issue will close on 12th March 2012.
      PFS issue will close on 16th March.
      IFCI series-5 will close on 27th March 2012.

      You can invest in any one of the either.

  3. ASHWINI KUMAR SINGH says:

    Interested to buy L&T Infrastructure bonds, please advise

  4. ASHWINI KUMAR SINGH says:

    Interested to buy L&T Infra Bonds, please suggest

  5. rakesh says:

    I want to purchase Bond.Please let me know from where i can purchase?
    What return i will get? I am in Mumbai (Goregaon).

  6. Sandeep says:

    I want to buy L&T Infra bonds asap. Let me know how can i do that?

  7. balu says:

    Want to invest in infastructure bond in Bangalore. Can some one reach out to me for closing on this…

  8. Debasish says:

    accrued interest on infra bond taxable or not taxable?

  9. A B Mehta says:

    Dear sir,

    Please tell me If take Minor A/C then tax benifits given

    M-9427583701

    • admin says:

      Sir,
      we can not take the bonds in the name of minors.Even if any issue allows it then also it in not benefitted in any way.Finally interest earned will be clubbed with your income only.

  10. S.K. Gupta says:

    Bonds can be purchased in the name of Minor by parents. If yes then what documents shall be required.

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