Tax Saving Bonds – IDFC Infra Bonds – Tranche 2

IDFC has come up with the second tranche of their infrastructure bonds

The issue opens on January 11′ 2012 and ends on February 25′ 2012 (extended till 5th March).

The issue is secured and rated ICRA ‘AAA’ and Fitch ‘AAA’ from ICRA and Fitch respectively.

Issue Details:

Options

Series 1

Series 2

Face Value

Rs. 5000

Rs. 5000

Interest Payment

Annual

Cumulative

Tenor

10 years

10 years

Interest Rate

8.70%

8.70% compounded annually

Buyback

5 years

5 years

Maturity Amount

Rs. 5,000

Rs. 11,515

Invest in IDFC Bonds Today

  • The bonds don’t attract any TDS in case the investments are in demat form
  • The bonds are available in Demat & Physical form
  • The bonds will be listed on NSE and BSE and can be traded after the 5 year lock-in period
  • Investors can mortgage or pledge these bonds to avail loans after the lock-in period.
  • An investor would need a PAN card to invest in these bonds.
  • The bonds will be issued only to Resident Indian Individuals  and HUF
  • An applicant may subscribe to the two series of Bonds offered but the minimum application under each series shall be one bond i.e., 5,000
  • Interest on the Bonds shall be payable on annual or cumulative basis depending on the series selected by the bond holders
  • The interest accrued on the bonds will be credited to the respective bank registered with the demat account through ECS on the due date for interest payment.
  • Cheque / DD should be drawn in favour of “IDFC Infra Bonds – Tranche 2” by all applicants.

For More Details click below:

IDFC Infra Bonds – Tranche 2 Tax Saving Bonds – IDFC Infra Bonds – Tranche 2 Details

To download form click here

Important: You must write application number before submitting the application, click here for application number

Note: Please keep the photo copy of duly filled application form with you for your records, in case you did not receive the information about allotment in 45 days then you can contact at contactcorpus@gmail.com, please keep the
Acknowledge Slip with you.

To know more about Section 80CCF Infrastructure Tax Saving Bond click here.

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Tax Saving Bonds – L&T Infra Bonds 2012A (Tranche 2 Bonds)

L&T Infrastructure Bonds 2012A Tranche-2 are long term infrastructure bonds for availing income tax relief  under section 80CCF of the Income Tax act, 1961

L&T Infrastructure Bonds 2012 Tranche II

The details of the bonds are as appended below:
Opening Date: 10 Jan 2012
Closing Date: 11 Feb 2012 (extended till 25 Feb 2012 > till 12th March)
Rating:CARE AA+ and ICRA AA+
Coupon: 8.70% P.A.
Tenure:10 Years
Face Value of Bond: Rs 1000
Minimum Application size: Rs.5000 and in multiple of Rs.1000 thereafter
Option: Annual as well as Cummulative
Issuance:Demat as well as physical
Listing: NSE and BSE
Cheque Favouring: L&T Infra Bonds 2012A

For More Details click below

L&T Infrastructure Tax Saving Bonds – L&T Infra Bonds-Tranche-II Details

To download form click here

To find out form submission center click here

Important: You must write application number before submitting the application, click here for application number

Note: Please keep the photo copy of duly filled application form with you for your records, in case you did not receive the information about allotment in 45 days then you can contact at contactcorpus@gmail.com, please keep the
Acknowledge Slip with you.

To know more about Section 80CCF Infrastructure Tax Saving Bond click here.

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Tax Saving Bonds – L&T Infra Bonds 2011B

Company/ Issuer

L&T Infrastructure
Finance Company Limited

Scheme/ Issue

L&T Infra Bonds 2011B
(Note: Cheque / DD should be drawn in favour

of“L&T Infra Bonds 2011B” by all applicants)

Interest Rate/ Yield

9% p.a. and 9% compounded annually

Issue Opens on

25-Nov-11

Issue Closes on

24-Dec-11

Face Value & Issue Price

Rs. 5000 and in multiples

Rating

“[ICRA] AA+” from ICRA and “CARE AA+” from Care

Listing

Proposed to be listed on BSE

Issue Details

Please click here for the same

To Download Forms

click here

 

 

Documents Required

In case you want to hold the bonds in physical form, then you have to enclose herewith as the KYC Documents, self attested copies of PAN Card , Proof
of Residence Address and a cancelled cheque of the bank account to which the amount pertaining to payment of refunds, interest and redemptions as applicable should be credited.

How to fill the forms

Please Note
:
Cheque / DD should be drawn in favour of “L&T Infra Bonds 2011B” by all applicants. It should be crossed “A/c Payee only”. l Please write the sole/first Applicant’s name, phone no. and Application no. on the reverse of Cheque/DD. l Demographic details will be taken from the records of the Depositories for purpose of refunds, if any lIn case of Applications for Tranche 1 Bonds in physical
form the demographic details will be as per the KYC documents submitted along
with the Application Form

Locations

Where to submit the filled forms, see coll. centre

Important

Please keep the photo copy of duly filled application form with you for your records, in case you did not recive the information about allotment in 45 days then please contact at contactcorpus@gmail.com. Please keep the
Acknowledge Slip with you when you submit the form, as it can be use as a proof of Investment under section 80CCF

 

 

 

 

 

 

Having read, understood and agreed to the contents and terms and conditions of L&T Infrastructure Finance Company Limited’s Shelf Prospectus dated November 18, 2011 and Prospectus – Tranche 1 dated November 18, 2011, (together, “Prospectus”) I/We hereby apply for allotment to me/us; of the under mentioned Tranche 1 Bonds out of the Issue. The amount payable on application for the below mentioned Tranche 1 Bonds is remitted herewith. I/We hereby agree to accept the Tranche 1 Bonds applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to  pplicable statutory and/or regulatory requirements. I/We irrevocably give my/our authority and consent to Bank of Maharashtra, to act as my/our trustees and for doing such acts and signing such documents as are necessary to carry out their duties in such capacity. I/We confirm that : I am/We are Indian National(s) resident in India and I am/ we are not applying for the said Issue as nominee(s) of any person resident outside India and/or Foreign National(s). Notwithstanding anything contained in this form and the attachments hereto, I/we confirm that I/we have carefully read and understood the contents, terms and conditions of the Prospectus, in their entirety and further confirm that in making my/our investment decision, (i)I/We have relied on my/our own examination of the Company and the terms of the Issue, including the merits and risks involved, (ii) my/our decision to make this application is solely based on the disclosures contained in the Prospectus, (iii)my/our application for Tranche 1 Bonds under the Issue is subject to the applicable statutory and/or regulatory requirements in connection with the subscription to Indian securities by me/us, (iv) I am/We are not persons resident outside India and/or foreign nationals within the meaning thereof under the Foreign Exchange Management Act, 1999, as amended and rules, regulations, notifications and circulars issued thereunder, and (v) I/We have obtained the necessary statutory and/or regulatory permissions/consents/approvals in connection with applying for, subscribing to, or seeking allotment of Tranche 1 Bonds pursuant to the Issue.

 To know more about Section 80CCF Infrastructure Tax Saving Bond click here

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FAQ on Section 80CCF (Tax Saving Infrastructure Bonds)

FAQ

Issue of Financial Year 2011-12: IFCI, IDFC, L&T 2011, SREI, L&T 2012, IDFC 2012 – Tranche 2, IFCI 2012,

IDFC 2012 – Tranche 3

What is the additional tax benefit under Section 80CCF?

All of you know that you can reduce your taxable income by investing in certain instruments like tax saving fixed deposits, or tax saving mutual funds, but the limit on the deduction from your taxable income is Rs. 100,000. So, if you invest Rs. 150,000 in tax saving mutual funds – the tax benefit will be capped at Rs. 100,000. Section 80CCF allows you to invest an additional Rs. 20,000 in infrastructure bonds, and have that reduced from your taxable income in addition to the Rs. 100,000 deduction you get from the other instruments.

What is the benefit of investing in Tax Saving Infrastructure Bonds if they offer the same tax benefit?

The Tax exemption benefit under Sec 80CCF on a sum of Rs. 20,000/- is over and above Rs.1,00,000/- benefit under section 80C, 80CCC and 80CCD.

What is the Tax Treatment of interest on these Bonds?

The interest received on these bonds shall be treated as income from any other source and shall form part of the total income of the assesses in that financial year in which they are received.

Can a Minor apply for subscription to these bonds?

A minor is not eligible to apply for subscription to these bonds.

Are these infrastructure bonds Tax Free?

No, the interest received in these bonds is not tax free. The investor is liable to pay tax on the interest received. The investment up to Rs. 20,000 made will be eligible for tax benefits in the year of investment under Section 80 CCF of the Income Tax Act, 1961.

Will TDS be deducted on these bonds?

No TDS shall be deducted on interest with respect to bonds issued in Demat mode. TDS will apply with respect to bonds issued to investors in physical form.

I don’t have Demat Account. Can I apply?

Though it depends on Issue to issue but generally, Yes, Investors who do not have any Demat Account can apply for the bonds in physical form. Additional requirements for applying in physical form are given in the Annexure.

Pls note In terms of Regulation 4(2)(d) of the SEBI Debt Regulations, the Company will make public issue of the Tranche 1 Bonds in the dematerialised form. However, in terms of Section 8 (1) of the Depositories Act, the Company, at the request of the Applicants who wish to hold the Tranche 1 Bonds in physical form, will fulfill such request

I only have a joint De-mat account. Can I apply in my own name only?

The name of applicant shall be same as the holders of Demat account. In case of single applicant the demat account shall also be held in the name of the same single applicant.

Can I apply in joint names?

Yes application can be made in joint names with a maximum of three applicants,  however the demat account shall also be held in the joint names and order of applicant shall be the same as appearing in the demat account. In case of application made in joint names, the tax benefit shall only be availed by the first applicant.

What is the maximum amount for which the benefit u/s 80CCF be availed?

Maximum benefit to investor shall be Rs. 20,000/– under section 80CCF of the Income Tax Act, 1961

What would happen if I apply amount more than Rs. 20,000?

The allotment shall be made for the sum applied, however the benefit under section 80CCF may only be availed for a maximum sum of Rs. 20,000

Who can offer these Long Term Infrastructure Bonds?

The entities like LlC, IDFC, IFCI and other NBFCs which are classified as Infrastructure Finance Companies by RBI shall be allowed to issue these long term infrastructure bonds.

I Don’t have a PAN card. Can I still apply for subscription?

PAN card is mandatory for subscribing to these bonds.

How will I get my interest on the due date?

The interest shall be credited to the respective Bank account registered with the Demat account (and for the bond held in physical form in the bank account indicated in cancelled cheque attached with the form as mentioned in Annexure I through ECS on the due date for interest payment, and if the due date is a public holiday then the next working date.

What is the interest on Application Money & Interest on refund ?

The Company shall not pay any interest on application money and interest on refund of Application Amount, in whole or part.

Can I get loan on these bonds?

You cannot avail of any loan by pledging these bonds in the first 5 years. Thereafter, these bonds may be pledged to avail loan

Where shall I submit the application forms?

All Application Forms duly completed together with cheque/demand draft for the amount payable on application must be delivered before the closing of the subscription list to any of the Bankers to the Issue or collection centre(s)/ agent(s) as may be specified before the closure of the Issue.

Who shall pay the interest and repay the Principal amount?

The respective company shall pay the interest on these bonds and also the principle amount to the Investor upon maturity of the bonds or at the time of buy back.

Who would get the interest in case of the joint application?

In case of joint application the interest shall be paid to the account of the first applicant only.

Is it ok to submit photocopy of all the 3 documents mentioned in the Annexure?

As long as the documents are self attested, the photocopy all these documents can be submitted with the application form.

Mode of Holding can be Either or Survivor?

When the bonds are held in joint names and one of the joint holders dies, the survivor(s) will be recognized as the Bondholder(s)

Will there be TDS in Physical Form? (As per the General Instruction 12, to Avail TDS investor can submit 15G/15H)?

In case the bonds are held in physical form, no TDS is applicable as long as the interest received does not exceed Rs. 2500 per year. However such interest is taxable income in the hands of resident bondholder. If the interest exceeds Rs. 2500, to ensure non deduction of tax as source the bondholder are required to furnish either (a) declaration [induplicate] in the prescribed form i.e. Form 15G. In case of Senior citizens it should be 15H.

Nomination process in case opted for physical?

Bonds company would provide the investors holding the bonds in physical form, nomination facility at the time of sending the bond certificates

Is it necessary to provide the identity and address proof in case of second and third holders?

The address and identity proof must be provided for all the joint holders of the bonds. The cheque details would be required only for the account in which the payments need to be credited.

In whose favor the cheque is to be made?

As per the details on the particular issue form.

Can Intercity clearing cheques acceptable?

No, cheques has to be payable at par or local clearing cheques are only allowed.

Can NRI application are eligible?

Non-resident investors including NRIs, FIIs and OCBs are not eligible to participate in

the Issue.

Will the NCDs be traded on the exchange?

Some of the issue are listing on BSE and NSE, and some are not, please refer the form for details.

Under cumulative option, when will I get the interest amount?

Under cumulative option, Interest will be paid at the end of 5 years if buyback option is exercised or at the time of maturity

Documents required to invest in Tax Saving Infrastructure Bonds

Annexure I – Additional requirements in case an applicant is not having a Demat Account Applicant who wishes to subscribe to the Bonds in physical form shall undertake the following steps:

– Don’t fill up the demat details in the application form

– Compulsorily provide the following three documents with the application form

1. Self-attested copy of the PAN card;

2. Self-attested copy of the proof of residence. Any of the following documents shall be considered as a verifiable proof of residence:

3. Ration card issued by the Government of India; or

4. Valid driving license issued by any transport authority of the Republic of India; or

5. Electricity bill (not older than 3 months); or

6. Landline telephone bill (not older than 3 months); or

7. Valid passport issued by the Government of India; or

8. Voter’s Identity Card issued by the Government of India; or

9. Passbook or latest bank statement issued by a bank operating in India; or

10. Leave and license agreement or agreement for sale or rent agreement or flat maintenance bill; or

11. Letter from a recognized public authority or public servant verifying the identity and residence of the Applicant.

12. Self-attested copy of a cancelled cheque of the bank account to which the amounts pertaining to payment of refunds, interest and redemption, as applicable, should be credited.

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Tax Saving Bonds – IDFC Infra Bonds-Tranche1

Company/ Issuer

Infrastructure
Development Finance Company Limited

Scheme/ Issue

IDFC Infra Bonds-Tranche1

(Note: Cheque / DD should be drawn in favour
of “IDFC Infra Bonds – Tranche 1” by all applicants)

Interest Rate/ Yield

9% p.a. and 9% compounded annually

Issue Opens on

21-Nov-11

Issue Closes on

16-Dec-11

Face Value & Issue Price

Rs. 5000 and in multiples

Rating

“(ICRA)AAA” from ICRA and “Fitch AAA(ind)”
from Fitch

Listing

NSE and BSE

Issue Details

Please click here for the same

To Download Forms

click here IDFC Infrabonds Form

Documents Required

In case you want to hold the bonds in physical form, then you have to enclose herewith as the KYC Documents, self attested copies of PAN Card , Proof
of Residence Address and a cancelled cheque of the bank account to which the amount pertaining to payment of refunds, interest and redemptions as applicable should be credited.

How to fill the forms

Please Note
:
Cheque / DD should be drawn in favour of “IDFC Infra Bonds – Tranche 1” by all
applicants. It should be crossed “A/c Payee only”. l Please write the
sole/first Applicant’s name, phone no. and Application no. on the reverse of Cheque/DD. l Demographic details will be taken from the
records of the Depositories for purpose of refunds, if any lIn case of Applications for Tranche 1 Bonds in physical form the demographic details will be as per the KYC documents submitted along with the Application Form

Locations

Where to submit the filled forms (pending)

Important

Please keep the photo copy of duly filled application form with you for your records, in case you did not recieve the information about allotment in 45 days then please contact at contactcorpus@gmail.com. Please keep the Acknowledge Slip with you when you submit the form, as it can be use as a
proof of Investment under section 80CCF

PUBLIC ISSUE BY INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY
LIMITED (“COMPANY” OR “ISSUER”) OF LONG TERM INFRASTRUCTURE BONDS OF FACE
VALUE OF ` 5,000 EACH, IN THE NATURE OF SECURED, REDEEMABLE, NON-CONVERTIBLE
DEBENTURES, HAVING BENEFITS UNDER SECTION 80CCF OF THE INCOME TAX ACT, 1961
(THE “BONDS”), NOT EXCEEDING ` 50,000.0 MILLION FOR THE FINANCIAL YEAR 2011 –
2012 (THE “SHELF LIMIT”). THE BONDS WILL BE ISSUED IN ONE OR MORE TRANCHES
SUBJECT TO THE SHELF LIMIT

FOR THE FINANCIAL YEAR 2011-2012 UNDER THE SHELF PROSPECTUS FILED WITH THE ROC, STOCK EXCHANGES AND SEBI ON SEPTEMBER 29, 2011 AND THE RESPECTIVE TRANCHE PROSPECTUS. THE FIRST TRANCHE OF BONDS (THE “TRANCHE 1 BONDS”) FOR AN AMOUNT NOT EXCEEDING THE SHELF LIMIT SHALL BE ISSUED ON THE TERMS SET OUT IN THE SHELF PROSPECTUS AND THIS PROSPECTUS – TRANCHE 1 (THE “ISSUE”).

The Issue is being made pursuant to the provisions of Securities and Exchange
Board of India (Issue and Listing of Debt Securities) Regulations, 2008, as
amended (the “SEBI Debt Regulations”).

To know more about Section 80CCF Infrastructure Tax Saving Bond click here

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