In respect of subscription to long-term infrastructure bonds purpose of Section 80CCF of the Income-tax Act, 1961 - 48/2010 - Income Tax

Long-term infrastructure bonds set conditions on eligible issuers, tenure, yield, PAN and reporting for tax-qualified subscriptions.

Long-term Infrastructure Bonds are specified for tax-favored subscription with conditions: named as Long-term Infrastructure Bond; issuable only by listed public and regulated finance entities and RBI-classified Infrastructure Finance Companies; issuance volume limited to a proportion of the issuer's prior incremental infrastructure investments, where 'investment' includes debt, quasi-equity and equity; minimum tenure and lock-in with post-lock-in exit and pledge rights; mandatory subscriber PAN; yield capped to corresponding government security yields reported by FIMMDA; proceeds limited to RBI-defined infrastructure lending and subject to auditor certification and regulatory filing.