Marriage and Finances: IDFC Infrastructure Bonds and What We’re Doing

by Vinaya HS on October 15, 2010

in Finance

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Going purely by the numbers I recently highlighted, both D and I ought to put our money into these infrastructure bonds.

But, in my case, I don’t want to invest my money just for the purpose of lowering my income tax. I’d rather pay a marginally higher income tax, improve my cash flow, and invest in line with my ongoing objectives.

In D’s case, she’s OK with investing her money if it can help lower her income tax. ,but she doesn’t have the mandatory Demat account at the moment. As CFO, I’ll let this opportunity pass since more such issues are expected in the pipeline. Since the bonds can now be subscribed to in physical format too, I will get this done for her in the coming week.

That about sums up what we’re doing. How about you?




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{ 4 comments… read them below or add one }

Anoop October 16, 2010 at 12:36 PM

well, I am investing money into these bonds…

Nikhil Shah October 17, 2010 at 7:58 PM

Hi..

in my case, I don’t want to invest my money just for the purpose of lowering my income tax. I’d rather vest in line with my ongoing objectives Wealth Creation through Mutual Fund…

May be put some monay as a STP…

Vinaya H S October 18, 2010 at 2:24 PM

@Anoop:

How much money are you putting into these bonds? And why…given that you don’t reside in India for a better part of the year.

Anoop October 31, 2010 at 9:34 AM

I wanted to put in 75000 for 10 years lock in period, it is one good way atleast to keep me away from spending that 75000 INR. I may be abroad for most of my time, but I do have big plans for a small firm and long term settlement in Bangalore.

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