Infrastructure Bonds Tax Benefit u/s 80CCF expected to go up to Rs 1 lakh

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Media reports a budget guess by finance pundits who are predicting that in order to introduce alternative sources of Infrastructure funding and to reduce burden on banks for the same, the Government is working on some ‘innovative ideas and new models of financing infrastructure.This budget is likely to feature one of the ways of helping finance the infrastructure sector – an increase in deduction limits under Section 80C for infrastructure bonds.

The other means being adopted include raising the disbursement target for India Infrastructure Finance Company Limited (IIFCL) and getting banks to float infrastructure bonds with tax saving features.