Tax Benefit on Infrastructure bonds not applicable this Year
Two years back Tax Saving Infrastructure bonds were introduced and apart from 80C (1,00,000), additional 20,000 was eligible for tax exemption. However this year this benefit is not extended and now there is no tax exemption on Infrastructure bonds.
However companies are allowed to issue 60,000 crore worth of bonds compared to 30,000 crore worth bond last year.
I doubt if companies can fetch 60,000 Crores this FY.
VN:F [1.9.22_1171] Tax Benefit on Infrastructure bonds not applicable this Year,