In respect of subscription to long-term infrastructure bonds purpose of Section 80CCF of the Income-tax Act, 1961

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..... 0CCF of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies bonds, subject to the following conditions, as long-term infrastructure bonds for the purposes of the said section namely :- (a) Name of the bond - The name of the bond shall be "Long-term Infrastructure Bond". (b) Issuer of the bond - The bond shall be issued by:- (i) Industrial Finance Corporation of Indi .....

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..... , the investor may exit either through the secondary market or through a buyback facility, specified by the issuer in the issue document at the time of issue; (iv) the bond shall also be allowed as pledge or lien or hypothecation for obtaining loans from Scheduled Commercial Banks, after the said lock-in period; (e) Permanent Account Number (PAN) to be furnished - It shall be mandatory for the .....

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