Indian IPO Blog: Difference between
Showing posts with label Difference between. Show all posts
Showing posts with label Difference between. Show all posts

Wednesday, January 25, 2012

Difference between Tax Saving and Tax Free Bonds

January 25, 2012 1
Difference between Tax Saving and Tax Free Bonds
A lot of investors tend to get confused between the two types of tax-friendly avenues that are getting popular these days - Tax Free Bonds and Tax Saving Bonds. However, it is critical to note the difference between the two

Tax Saving Bonds are Long Term Infrastructure Bonds issued in pursuance of Section 80CCF of the Income Tax Act, 1961 which was introduced as part of offering investors tax deductions for investment in development of infrastructure in the country