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of <h1>Government Sets Conditions for IIFCL Long-Term Infrastructure Bonds Under Section 80CCF; Minimum Tenure 10 Years, 5-Year Lock-In</h1> The Central Government, under Section 80CCF of the Income-tax Act, 1961, has notified specific conditions for long-term infrastructure bonds issued by India Infrastructure Finance Company Ltd. (IIFCL). These bonds, issued during the financial year 2010-2011, are limited to 25% of the incremental infrastructure investments made in 2009-2010. The bonds have a minimum tenure of ten years, with a five-year lock-in period. Post lock-in, investors can exit through the secondary market or a buyback facility. Subscribers must provide their Permanent Account Number (PAN). The bond yield must not exceed government securities' yield of similar maturity. Proceeds are designated for infrastructure lending, with usage reported to relevant authorities.
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