Rs.20000 exemption from infrastructure bonds extended for 1 more year

The Union Finance Minister, Shri Pranab Mukherjee while presenting the Union Budget for 2011-12 in the Lok Sabha today said that the additional deduction of Rs.20,000 for investment in long term infrastructure bonds will be extended for one more year.

With Government's thrust of Infrastructure Development this initiative will provide an avenue for companies to raise funds at lower rate of interest.

Source : Equity Bulls

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