अगर आपने भारतीय जीवन बीमा निगम (LIC of India) के पॉलिसी धारक है तो आप यह खबर आपके लिए है. LIC ने पॉलिसी धारकों को सूचित किया है कि अगर आप अपनी पॉलिसी के अंतर्गत भुगतानों जैसे मनी बैक, मातुरित्य…
नहीं देगी LIC आपके पैसे अगर…
Category: News
Latest news in India about finance, banking and insurance
Kisan Vikas Patra vs Gold – Why KVP?
All time hero Kisan/Kissan Vikas Patra (KVP) was re-launched with much fanfare by the finance ministry, with initial reports suggesting the minister promised these would be bearer instruments that could be purchased in cash.
Bharti AXA General Insurance Awarded Best Private Insurance Company for General Insurance in India
Bharti AXA General Insurance (GI) Company, one of the fastest growing multi-line general insurance companies in India, was awarded Best Insurance Company in the Private Sector – General, by the World HRD Congress at the ABP BFSI Awards, 2014. The…
IRDA Warns SBI Life
Copy of Warning
Relaunch of 400+ life insruance schemes
From 1st Jan the life insurance industry will see a huge change in the business . After IRDA’s latest guidelines more than 400 life insurance plans currently marketed by life insurance companies in the market will be withdrawn and new…
Insurance Repository System
Insurance Repository system for individual policy holders is a pioneering initiative of India’s Insurance Regulatory and Development Authority (IRDA), the first of its kind in the world, as part of its efforts to improve services to policy holders and Insurance…
Gold might lose its price advantage – The Economic Times
For centuries, demure Japanese brides with their white face make-up and painted red lips were happy with obi, a kimono sash, as a gift. De Beers changed all that in the late 1960s. An ad blitz drove the message that…
Do you benefit from attractive home loan offers in festive season?
How much tax do infra bonds really save?
The IDFC Infrastructure Bonds issue joins five other issues this financial year. A similar issue by Rural Electrification Corporation is already open. By investing in these products, taxpayers can claim a deduction of up to Rs 20,000 under Section 80CCF. This is above the Rs 1 lakh invested under Section 80C. While you save tax, your real returns may not be as high or precise as those being projected by some brokers. So before you rush to invest in the issue, here are a few points to ponder.
Long term infrastructure bonds – IDFC Infrastructure Bond-Series ll
In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (“Income Tax Act”) to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor’s savings into infrastructure sector directly.