Power Finance Corporation Tax- Saving Infrastructure Bonds
Power Finance Corporation (PFC) of India is planning to launch its own tax saving infrastructure bonds under Section 80CCF.
According to Section 80CCF, the infrastructure bonds are tax free up to Rs.20,000. And this limit is beyond the Rs.1 lakh limit of Section 80c.
After L&T, & IFC Now, PFC is also planning to launch infrastructure bonds,
Power Finance Corporation is a good company and recently it has reported the net profit of Rs.702 crores in Q2.
The Indian bond market is maturing day by day and several companies are now coming with their own tax saving bonds which is a good thing for Indian retail investors.
This is a great company so get ready to invest in the bonds of this company.
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