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India will allow select companies to issue tax-free bonds in the rest of the financial year, finalising details of a proposal announced in the budget in February, according to a government notification obtained from two of the eligible issuers.
The government said in the notification seen by Reuters that a total of Rs 53.5 crore be raised through issue of tax-free infrastructure bonds in the current financial year that ends in March.
The government has set a target for tax-free bonds at Rs 60 crore by infrastructure finance companies in 2012-13, which would be used to bridge the shortfall in cash to fund large projects.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
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Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
1.ICICI Prudential Tax PlanInvest Online
2.HDFC TaxSaver Invest Online
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4.Reliance Tax Saver (ELSS) Fund Invest Online
5.Birla Sun Life Tax Relief '96 Invest Online
6.IDFC Tax Advantage (ELSS) Fund Invest Online
7.SBI Magnum Tax Gain Scheme 1993 Invest Online
8.Sundaram Tax Saver Invest Online
Best Performing Mutual Funds
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- Reliance Banking Fund
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- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
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- ICICI Prudential Regular Gold Savings Fund
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