Suggest some infra bonds with decent returns for the purpose of tax exemption.
The kind of infrastructure bonds that were available till last year, investments in which were given tax exemption as a deductable income, have been abolished. Now, there are a different kind of infrastructure bonds that are available, but only through their IPOs. These bonds are suited for income-oriented investors. The income you earn from these bonds is tax-free in your hands. Hence, tax exempt infrastructure bonds are available, but not the bonds that used to entail a tax break in terms of computing your taxes every year.