Prajna Capital

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• What is ELSS ?
• Invest Reliance Tax Saver Online
• Pension and Insurance for NRIs - Pension and Life Insurance Fund
• Download HUDCO Tax Free Bond Form
• IRFC Bonds
• FT India Feeder US Opportunities Fund
• How to apply to HUDCO Bonds ?
• What is National Electronic Funds Transfer ( NEFT ) ?
• ELSS Tax Saver
• IDFC Bond
• Bonds and FDs are attractive for now
• IRFC Tax Free Bond Application Forms
• Tax Saving Schemes
• Mutual Fund ELSS
• SBI Tax Gain
• ELSS List 2012
• TAX Planning - House Owner PAN card
• HUDCO Tax Free Bonds
• Apply for IRFC Tax Free Bond
• REC Infrastructure Bonds

What is ELSS ? Posted: 31 Jan 2012 06:05 AM PST ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Invest Reliance Tax Saver Online Posted: 31 Jan 2012 05:15 AM PST Invest in Tax Saving Mutual Fund from Reliance ( Reliance ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Reliance Tax Saving Mutual Funds Online Reliance Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Reliance Tax Saving Mutual Fund Application Forms from all AMCs Download Reliance Tax Saving Mutual Fund Application Forms   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver   --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Pension and Insurance for NRIs - Pension and Life Insurance Fund Posted: 31 Jan 2012 03:11 AM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online      Recently, the government announced a new pension and life insurance scheme for NRIs. The scheme allows over five million workers, especially those working in West Asia, to save money for the future. The scheme is called Pension and Life Insurance Fund (PLIF).    The scheme encourages overseas workers to voluntarily save money for their return and resettlement in their later years. The scheme will also provide a low-cost life insurance cover against natural death. This scheme fulfils a long pending demand of those working abroad. Under the scheme, the government will contribute Rs 1,000 per annum for all subscribers who contribute between Rs 1,000 and Rs 12,000 per year. Women working overseas will get a special additional contribution of Rs 1,000 a year from the Ministry of Overseas India Affairs (MOIA).    The scheme will be of great help to those working in 'emigration check required' countries. According to the government, around 20 percent of overseas workers in these countries are women. They are vulnerable to uncertainty due to lower income, a shorter working age and periodic interruptions in employment due to family responsibilities. This fund will be used to contribute partly to a pension and insurance cover for these workers.    A special 'returns and resettlement contribution' of Rs 1,000 by the MOIA will also be given to those working overseas who contribute Rs 4,000 per annum towards the Returns and Resettlement Scheme. This scheme will provide social security cover to those working overseas.    These workers have been excluded from access to formal social security and retirement savings schemes available to residents of the 'emigration check required' countries. They are similarly excluded from pension and social security schemes available to formal and informal sectors' workers in India.     The scheme is expected to benefit over five million unskilled and semi-skilled workers employed overseas on temporary contract visas. The new scheme is entirely voluntary. It is only for those who want to take it.    Workers will be required to contribute partly for their pension and insurance cover. Only those workers who take proper immigration clearance before going abroad will be covered under the scheme. The scheme provides an opportunity to workers who don't get a high salary to accumulate savings for a resettlement when they return to India. It also provides life insurance cover for a specified period in case of natural death.    This will provide the much-needed social security cover for those working overseas, and not covered under any kind of social security schemes. On returning to India, they will have a fixed source of income by way of pension as well as insurance to cover their urgent needs. Being a contributory scheme, they will be encouraged to save and participate in it.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Download HUDCO Tax Free Bond Form Posted: 31 Jan 2012 02:40 AM PST Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

IRFC Bonds Posted: 31 Jan 2012 02:29 AM PST Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

FT India Feeder US Opportunities Fund Posted: 31 Jan 2012 01:43 AM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   With the US economy beginning to improve, fund houses are looking to tap the potential of its stock markets. Franklin Templeton India's new fund offering (NFO) — FT India Feeder US Opportunities Fund — is an open-ended feeder fund that will invest in Luxembourg's Franklin US Opportunities Fund. This fund is targeting investors looking to diversify portfolios in foreign markets. The parent fund invests in US-based companies across sectors. The timing of the launch is quite correct, as US markets, in the past one year, have performed better than Indian ones. The Dow Jones index gained 5.5 per cent in the last one year and the Nasdaq was up 2.2 per cent. In comparison, the Bombay Stock Exchanges Sensitive Index or Sensex lost 7.76 per cent year on-year. However, over the long run, US markets have not outperformed India. In the last three and five years, the Sensex has returned, respectively, 24.16 and 3.83 per cent, annually. In comparison, Nasdaq has returned 23.24 and 2.95 per cent and the Dow Jones index 15.28 per cent and 0.28 per cent, respectively, in the same periods. This is the second international feeder fund investing in the US. Motilal Oswal AMC launched a Nasdaq exchange traded fund (ETF) last year. It has returned 15.14 per cent in the last six months. The Franklin US Opportunities Fund has returned 15.08 per cent in the past year. The fund helps achieve diversification through exposure to high quality US companies trading at attractive valuations. Adding an international fund to the portfolio can help reduce the potential risk over the medium- to longterm. The fund will get listed at the stock exchanges on February 14. Some companies this fund invests in include marquee firms like Apple Inc, MasterCard, Google and Blackrock. About 16 per cent is put in software and services sector, 14 per cent in technology hardware, 12 per cent in energy and 10 per cent in capital goods. Other sectors are pharma, food and beverages and retailing. This fund should not form more than five per cent of your equity portfolio. The companies comprising the fund portfolio generate more than 50 per cent of their revenues from non-US countries, making them less prone to the economic conditions in the US, he adds. But remember, in spite of investing in equities, the tax on feeder funds is calculated like that for debt funds. Long term capital gains tax is calculated at 10 per cent with indexation and 20 per cent without it. In the short term, capital gains will be added to your income and taxed according to slab. This is not a product meant for retail investors. It is for those aware of global markets like high net worth individuals. Retail investors do not understand how this works. The NFO opened on January 17 and will close on January 31.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

How to apply to HUDCO Bonds ? Posted: 31 Jan 2012 01:25 AM PST How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

What is National Electronic Funds Transfer ( NEFT ) ? Posted: 31 Jan 2012 12:36 AM PST      The National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this scheme, individuals, firms and corporates can transfer funds from any bank to an individual, firm or corporate having an account with any other bank in the country. NEFT is still not being used on a large scale. Increased use of NEFT is expected to bring down the chances of fraud too. NEFT offers many advantages over the other modes of funds transfer: The remitter need not send a cheque or demand draft to the beneficiary The beneficiary need not visit his bank to deposit the paper instrument The beneficiary need not be apprehensive of loss or theft of the instrument or the likelihood of fraudulent encashment Ø       It is cost effective Ø       There is a credit confirmation of remittance sent by SMS or email Ø       The remitter can initiate the remittance from his home or place of work using Internet banking Ø       There is hardly any time taken to transfer funds to the beneficiary account in a secure manner With the gaining popularity of Internet banking, transfer of funds through NEFT is also becoming popular. In case of NEFT, the transferor can transfer the funds to the account of the payee electronically, without visiting the bank or issuing a cheque. The mode is fast, convenient, and cost effective. It saves the time and effort of both the payer and payee.    However, there have been a few issues in the process. The Reserve Bank of India (RBI) has been trying to ease out the problems. Taking note of some banks not following rules of sending confirmations of payments made through NEFT, the RBI has directed lenders to put in place a system to issue the receipts. It has asked banks to generate confirmations of NEFT payments. All banks need to have systems to ensure a confirmation is sent to the originator (sender). Such confirmation messages should be sent as soon as the beneficiary account is credited. It should be sent before the end of the day under any circumstances.    According to the RBI, in case of a large number of banks, the percentage of positive confirmations sent vis-a-vis the inward messages received was lower than 10 percent. Positive confirmation is a unique feature of NEFT and has played a major role in popularising the system among users. Not adhering to instructions in this regard will undermine the customer service efficiency of the system.    In addition, the RBI has directed banks to adhere to norms under which they have to pay a penalty in case of a delay in crediting funds sent through the NEFT system to the beneficiary account or in returning the uncredited amount to the remitter. Banks are required to pay a penal interest at the current RBI LAF repo rate plus two percent for the period of delay or till the date of refund to the affected customers.    These measures were instituted with the objective of enhancing customer service and efficiency parameters of the system in view of the large scale growth in electronic payment transactions.    Further, banks are required to establish dedicated customer facilitation centres (CFCs) to handle customer queries and complaints regarding NEFT transactions. The contacts details of CFCs are available on websites of banks as well as the website of the RBI for easy availability to the customers. CFCs are to be the first point of contact for aggrieved customers. Banks need to keep the contact details of their CFCs updated at all times and also advise changes to the RBI. Banks also need to ensure that calls made and emails sent to CFCs are promptly attended to.    These measures are meant to make NEFT more popular among people. Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

ELSS Tax Saver Posted: 30 Jan 2012 11:46 PM PST ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

IDFC Bond Posted: 30 Jan 2012 11:04 PM PST Invest in IDFC Tax Saving Infra Bonds upto Rs 20,000 and Save tax under Section 80CCF. This is over and above Rs 1 lakh tax saving investment option available under Section 80C. You can save tax upto Rs 6100. These long term infrastructure bonds offer an additional window of tax deduction of investments up to 20,000 for the financial year 2011-12. This deduction is over and above the 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Download IDFC Infra Bond Application form below. IDFC Infra Bond Application form   Submit filled up application    Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Bonds and FDs are attractive for now Posted: 30 Jan 2012 10:12 PM PST Current open Infra Bond Application form   Buy Tax Saving Mutual Funds Online   Download IRFC Tax Free Bond Application Forms    Usually, risk-averse investors have limited options in the markets. And those available usually offer relatively lower rates of returns. This segment of investors generally includes the retired, senior citizens, and those who need a regular fixed income.    The current market volatility has increased the sphere of such investors. And most of those who previously used to swear by the stock markets are now opting for the fixed returns instruments.    So, what are the options for the risk-averse investor?    The present-day market conditions offer some very good options that can be tapped by these investors. They will do well to invest in these instruments. These instruments ensure safety of capital as well as offer decent returns. In some cases, they also come with tax advantages. All of these are positive factors. The only issue is an investor may miss out on the opportunity of 'making it big' when the markets bounce back. However, considering the present market and economic conditions, both domestic and global, this may take some time. The markets seem set to take time to recover and regain their upward momentum. Till then, they will continue to remain volatile. Tax-free bond     A popular option is the tax-free bond. Recently, tax free bonds were floated by the National Highways Authority of India (NHAI) and the Power Finance Corporation (PFC). The size of the NHAI bond issue was around Rs 10,000 crores, and it received subscriptions worth Rs 25,000 crores, while the PFC intended to raise Rs 4,033 crores and received subscriptions worth Rs 10,000 crores. Fixed deposit     Time-tested and an all-time favourite is the fixed deposit (FD) with banks. The FDs are offering rates of around 9-10 percent for tenures up to five years. As the interest rates are expected to come down soon, you should lock into the fixed deposits at the present high rates of interest.    These deposits are safe, liquid and easy to operate. You can break the deposit any time by paying a small penalty. The deposits can be opened with small amounts. There is no upper limit. You can open a deposit with any bank. It is to be noted that the interest earned on a FD is taxable. Post office scheme     Another debt investment avenue is the post office scheme. These are managed by the post offices and are safe. Investors can invest in schemes meant for retiring employees. The investment limit is Rs 15 lakhs and the interest earned is 9 percent. The interest earned is taxable. Other options     Apart from these, you can invest in monthly income schemes. You can also invest in the Public Provident Fund. The investment limit here is Rs 1 lakh. However, the tenure is 15 years, and it is not liquid. The principal and interest earned are tax-free.    Then there are the debt-based mutual funds. Debt funds invest in various government bonds, securities, corporate fixed deposits and debentures. Since the interest rates have gone up, debt-based mutual funds offer better returns. Liquid mutual funds are a good option for a short term, when you need to park some money for a short duration. On the other hand, if you are looking for higher returns go for balanced funds.    The bonds offered a good rate of interest of 8.2 percent for 10 years and 8.3 percent for the 15-year schemes. There was a reservation for individual investors. The NHAI and PFC bonds together were an attractive combination of high post-tax returns - close to 12.01 percent for those in the 30 percent tax bracket, with top credit rating and an opportunity to lock-in for long tenors. Further, as they would be listed on the stock exchanges, they offer liquidity too. As the interest rates are expected to come down in the near future, the value of these bonds is bound to increase. More such bonds may be floated by the government in the coming months.    Investors can lock in for longer tenures. With interest rates expected to fall soon, one should add long tenure bonds and long-term fixed deposits to the debt portfolio. These long-tenure bonds could give you the added benefit of capital appreciation. Bonds give you the twin advantage of interest rate plus capital appreciation. This is because they are listed and traded on the stock exchange, and therefore the price of a bond could move up or down depending on the interest rates. In case the interest rates fall, bond prices go up and you will benefit from capital appreciation.      The capital appreciation depends on the duration of the bond. Prices of long-tenure bonds rise more than short tenure ones. The higher the duration of the bond, the greater the capital appreciation. Infrastructure bond     You can invest up to Rs 20,000 in these bonds and claim a tax deduction under Section 80CCF. If you are in the highest tax bracket, you can save as much as Rs 6,180 by investing in these bonds. The Rs 20,000 limit for investments in infrastructure bonds is in addition to the Rs 1 lakh tax deduction limit available under Section 80C.    You can choose an issuer of these bonds based on the credit rating, interest rates offered and the financial credentials of the company. The issues have tenures of 10 years and 15 years. There is a buy-back option at the end of five years from the date of allotment. Liquidity comes from listing on the stock exchanges once the mandatory lock-in period of five years is over.    The bonds provide annual and cumulative options of interest payment for both maturity tenures. There is no upper limit on the amount you can invest. The only downside in these bonds is that the interest is taxable and the tenure long, with a lock-in period.   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you ------------------------------------------------ How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

IRFC Tax Free Bond Application Forms Posted: 30 Jan 2012 09:33 PM PST Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Tax Saving Schemes Posted: 30 Jan 2012 07:05 PM PST Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Mutual Fund ELSS Posted: 30 Jan 2012 10:40 AM PST ELSS Stands for Equity Linked Savings Scheme   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

SBI Tax Gain Posted: 30 Jan 2012 10:23 AM PST Invest in Tax Saving Mutual Funds from SBI ( SBI ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest SBI Tax Saving Mutual Funds Online SBI Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download SBI Tax Saving Mutual Fund Application Forms from all AMCs Download SBI Tax Saving Mutual Fund Application Forms   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you       Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

ELSS List 2012 Posted: 30 Jan 2012 10:01 AM PST ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

TAX Planning - House Owner PAN card Posted: 30 Jan 2012 09:50 AM PST If you are paying rent and getting HRA every month, you are eligible for tax deductions according to the prescribed limit of HRA exemption. If you want to avail of these benefits, you must give the rent receipts to your employer every year at the time of the collection of tax proof. However, in December, the Central Board of Direct Taxes (CBDT) said those paying more than ~15,000 as HRA every month, or ~1.8 lakh annually, need to furnish a copy of their landlord's permanent account number (PAN), along with the rent receipts. However, Ahmed's house owner is unwilling to provide a copy of his PAN. The requirement, however, is only for those who get HRA of above ~14,999 a year. Many, like Ahmed, have thus been left in the lurch. If your house owner does not have a PAN, you need not worry, as long as he/she is ready to sign a self declaration stating he does not have a PAN. You can give a copy of this declaration to your employer and avail of the HRA deduction. As many have realised, the problem arises if the house owner is unwilling to provide a copy of his/her PAN. One would probably have to forgo his/her HRA deduction and claim the refund on a later date, say tax experts. Some of them feel you could furnish a copy of the rent agreement, copies of post-dated cheques to the landlord, bank account statements and a copy of the letter or email you had sent to the landlord asking for a copy of his PAN. However, most disagree. Employers would not want to risk taking other documents, primarily because there are people who produce fake rent receipts. The primary decision lies with the employer. The company may or may not be willing to take these documents as a substitute for PAN. Typically, they choose to be conservative and stick to the CBDT circular. Human resource heads warn it is unlikely that your human resources department would accept these documents and exempt you from paying tax on HRA in the absence of the landlord's PAN card copy. Officials say no mature organisation would accept these. "No employer will be willing to take a chance by accepting these documents. In case any kind irregularity is found, the company will be held responsible. Most companies will be strict about this norm,. However, one could claim for a refund at the time of filing income tax returns. One can approach the tax department with a copy of the letter or email, asking for the landlord's PAN and his/her reply or no response and this should be proof that showed the house owner was unwilling to share his PAN card. But be prepared to wait for at least six months for the refund! So, when your lease runs out next time and you plan to look for another place to rent, make sure you tell your landlord you need a copy of his/her PAN card to claim HRA before you sign the rent agreement and hand the deposit. It will definitely save you the hassles. Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

HUDCO Tax Free Bonds Posted: 30 Jan 2012 08:00 AM PST How to apply to HUDCO Bonds? Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   ------------------------------------------------ How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

Apply for IRFC Tax Free Bond Posted: 30 Jan 2012 07:41 AM PST Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form   Submit filled up application    Collection canter near you     ------------------------------------------------ How to apply to REC Bonds? Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

REC Infrastructure Bonds Posted: 30 Jan 2012 07:11 AM PST Invest in REC Tax Saving Infra Bonds upto Rs 20,000 and Save tax under Section 80CCF. This is over and above Rs 1 lakh tax saving investment option available under Section 80C. You can save tax upto Rs 6100 and you can earn returns in excess of 9% per annum. These REC long term infrastructure bonds offer an additional window of tax deduction of investments up to 20,000 for the financial year 2011-12. This deduction is over and above the 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Download REC Infra Bond Application form below. REC Infra Bond Application form   Submit filled up application    Collection canter near you   --------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDFC Tax Advantage (ELSS) Fund SBI Magnum Tax Gain Scheme 1993 Sundaram Tax Saver --------------------------------------------- How to apply to IRFC Bonds? Apply for IRFC Tax Free Bonds forms below Download IRFC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you   Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications

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