Investment limit on infrastructure bonds may rise to Rs 50,000
Investment limit on infrastructure bonds may rise to Rs 50,000 NEW DELHI: The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while having a beneficial effect across the economy. Officials told ET the finance ministry's department of economic affairs, as part of its suggestions for the 2012-13 budget, had proposed raising the investment limit in these bonds to Rs 50,000 from Rs 20,000 now. The revenue department is expected to take a final decision after weighing expected economic gains against short-term revenue losses. Source :- Economic Times http://articles.economictimes.indiatimes.com/2012-01-27/news/30670455_1_tax-free-bonds-infrastructure-bonds-investment-limit - Manan Mankad Read Personal Financial Article on : www.mananmankad.blogspot.com follow us on twitter : www.twitter.com/mananmankad Like us on Fac