Abstract
While enabling oneself eligible for deduction from the partial or total tax liabilities, choosing the best investment is one of the most important decisions a taxpayer in India can make. One of the alternative investment avenues, tax saving bonds in India is considered as an option to serve any investor with two purposes
Highlights
Tax saving bonds (TSBs) in India is proposed as an investment instrument to tax payers to lessen their tax liabilities either partially or completely
There were total 16 such critical attributes related to TSBs on which the study was performed
The present study is an attempt to explore into the factors that affect or influence the decisions of the taxpayers towards designated tax saving bonds, offered for exemption in tax through investments
Summary
Tax saving bonds (TSBs) in India is proposed as an investment instrument to tax payers to lessen their tax liabilities either partially or completely (subject to tax slabs and income of the individuals in a particular financial year). This section (80CCF) allows an individual taxpayer to invest in Long Term Infrastructure Bond and get tax exemption of INR (short for Indian Rupees, $1 = INR 60.00 approximately) 20,000/- per financial year.
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