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Thread: Additional investment of Rs. 20,000 in infrastructure bonds.

  1. #1
    Junior Member dhanurdhar is on a distinguished road
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    Default Additional investment of Rs. 20,000 in infrastructure bonds.

    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?

  2. #2
    Member rakeshmehra30 is on a distinguished road
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    you can invest in these bonds through banks

  3. #3
    Member gokul1969
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    Yes you can invest. This is in addition to the exemption available under Section 80C

  4. #4
    Junior Member RKSINGH is on a distinguished road
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    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.

  5. #5
    Senior Member RKPATHAK is an unknown quantity at this point
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    At present infrastructure bonds are available for sale. You can have it if you are having demat account

  6. #6
    Junior Member simpleguess is on a distinguished road
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    Question can one apply in spouse's demat account as second applicant

    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?

  7. #7
    Senior Member RKPATHAK is an unknown quantity at this point
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    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

  8. #8
    Junior Member simpleguess is on a distinguished road
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    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).

  9. #9
    Senior Member ramanrao60 is on a distinguished road
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    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

  10. #10
    Junior Member raoathome is on a distinguished road
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    Default No need of demat for Infrastructure bonds

    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.

  11. #11
    Junior Member sadhana is on a distinguished road
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    I want to deposit Rs.30,000/(arrear of salary) in my GPF. Can I do this. Is there any circular to this effect.

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