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View Full Version : Additional investment of Rs. 20,000 in infrastructure bonds.



dhanurdhar
15-09-2010, 11:50 AM
As provided in this years budget, a provision has been made for claiming tax exemption in respect of investment in infrastructure bonds. Can some please tell me how can we invest in these bonds?

rakeshmehra30
15-09-2010, 07:07 PM
you can invest in these bonds through banks

gokul1969
15-09-2010, 08:00 PM
Yes you can invest. This is in addition to the exemption available under Section 80C

RKSINGH
04-10-2010, 09:20 PM
The sellers of the long term infrastructure bond is saying that DEEMAT ACCOUNT is compulsory to purchase long term infrastructure bond. I don't have the deemat account but I want to invest in the long term infrastructure bond? Is it possible? Please let me know. Thank you.

RKPATHAK
05-10-2010, 09:25 AM
At present infrastructure bonds are available for sale. You can have it if you are having demat account

simpleguess
06-10-2010, 10:41 PM
sir me and my wife both are government servants.she does not have a demat account. can one apply in spouse's demat account as second applicant and claim it rebate?

RKPATHAK
07-10-2010, 05:58 AM
Same problem with me. I am not having Demat account whereas my wife is having. Since as per demat terms the investment can be made exactly in name as appear in demat account. Since your wife's name is not there in the demat account you can invest in your name only. To have joint application you should have joint demat account

simpleguess
07-10-2010, 07:48 AM
sir the online application form on sharekhan my demat provider is allowing to fill one more applicant's name in the form. can you also enlighten us as to which series of bond we should apply(series 1 to 4 in idfc bonds).

ramanrao60
07-10-2010, 09:58 AM
if both husband and wife are income tax payers then i suggest open two dmat accts one with husband as first owner and wife as second owner open other dmat acct with wife as first and husband as second then invest 20000 each in each of the two accts and claim maximum rebate

dmat accounts with single owner create lot of problems in settlement to successors
in the unfortunate event of the death of the owner

raoathome
01-02-2011, 08:26 PM
IDFC subscription is open until 4th feb 2011. please find out either karvy or camsonline in nearby towns by google searching. they will guide you. both have wide network all our india. Demat is not mandatory.

sadhana
04-03-2011, 03:28 PM
I want to deposit Rs.30,000/(arrear of salary) in my GPF. Can I do this. Is there any circular to this effect.