Sunday, March 20, 2011

PFC launches tax-saving bond

Power Finance Corporation (PFC) launched its public issue of infrastructure tax-saving bond in Patna on March 14, 2011. In press conference, the PFC officials said this would be the opportunity for those investors, who are eager to avail a deduction up to Rs 20,000 in their taxable income over and above the Rs 1 lakh entitlement under Section 80C of the Income Tax Act. The issue closes on March 22, 2011.
Photo: Aftab Alam Siddiqui

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