Reports say that the Union government may increase the overall tax-free investment limit from Rs 100,000 to Rs 150,000 in the next Union Budget.
The additional Rs 50,000, however, will have to be invested in infrastructure bonds. The government aims to bridge the $40 billion investment gap in the infrastructure sector through this move.
In tune with this, the power ministry has already initiated steps to launch power bonds.
Do you think this will act as an effective tool to help the salaried individuals plan their taxes?
The government gets the money for infrastructure projects while individuals will be able to save and invest more. Do you think this will be a win-win situation?
If such a move materialises in the 2008 Union Budget will you put your money in these infrastructure bonds?Tell us your views!