what is the meaning of l&t infra bond?

Open uri20170510 32134 ughyv5?1494421703 gunesh asked almost 4 years ago

what is the meaning of l&t infra bond? How much interest will the bonds carry?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 3 years ago

Dear Friend, L&T Infra Finance had successfully closed its second Long Term Infrastructure Bond Issue in March 2011. This tax saving bond issue was oversubscribed. The revenue generated from investors is invested indirectly on a long-term basis in infrastructure projects across the country. As per section 80CCF of the Income Tax Act, investors got a tax relief of up to Rs 20,000 over and above Rs 1,00,000 under 80C by investing in these bonds. The 2010A and 2011A Bond Series provided investors an annual interest rate of 7.5% - 7.75% and 8.2% - 8.3% respectively and the flexibility of investing for 5 years or 10 years with a buy back option of 7 years on a cumulative or annual basis of returns. In addition to this, the 2010A & 2011A Bond Series provided investors with the option of retaining the Bond in Physical or Demat form.

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