FRONT PAGE: Private infrastructure bonds too eligible for tax break.

from BUSINESS LINE, March 24, 2010 New Delhi, March 23 - The Finance Minister, Mr Pranab Mukherjee, today said that infrastructure bonds issued by both the public as well as private sector entities will qualify for the additional tax deduction of Rs 20,000 proposed in Budget 2010-11.

"In this year's Budget, we have encouraged people to invest in infrastructure development and avail themselves of additional tax savings. They could get this benefit by investing in infrastructure bonds. That provision has been made for infrastructure bonds of both private and public sectors," Mr Mukherjee said in response to a query at the conference on 'Building infrastructure: Challenges and …