Under Section 80CCF an individual can invest upto Rs.20,000/- in a financial year and claim tax benefits for the same. There are currently three issues:
Product Features:
- Rs.20,000/- limit is in addition to 1,00,000/- limit of section 80C, 80CCC, 80CCD
- Only Rs.20,000/- can be invested in a Financial year to avail deduction under section 80CCF
- Tenure of the Bonds will be 10 Years.
- The minimum lock in period for an investor shall be five years.
- After 5 years investor may exit either through the buyback facility as specified by the issuer in the issue document.
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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