Email Question: Tax Proof for Demat Infrastructure Bonds

by Manshu on December 6, 2010

in Tax

What tax proof can I use If I invested electronically through a Demat account in the infrastructure bond?

I got an email about this yesterday, and there have been several comments on it as well. People are interested in knowing what they can use as tax proof when they apply for the infrastructure bonds in the dematerialized form since there is no clear communication on this.

Here is my response, which is really drawn from the knowledge of our commenters like Loney, Ajay, Briney among others:

There is a fair bit of confusion on this as some people have actually received IDFC Allotment Advice letters that can be used for tax proof.

I’m not sure why others have not received it – but it could be a matter of time when you receive it too, or your address is incorrect so you might want to check that. If you get that, then you can obviously use that.

If not, then some brokerages have advised that you can use the NSDL Holding Report from your account as proof of investment, so in the absence of anything else you’ll have to use that.

Edit: Reworded slightly

{ 29 comments… read them below or add one }

Ramesh Kalra December 6, 2010 at 7:09 pm

why do we need to give proof when we have to provide our pan no while applying for infrastructure bonds. I thoght electronic filing of IT returns was taking us towards a paperless society!


Manshu December 6, 2010 at 8:47 pm

I hope we reach there eventually, and you do have a good point….I just hope this type of efficiency is just a few years away!


Rahul December 11, 2010 at 7:15 am

Hi Ramesh Kalra/IDFC,

Certificate or Proof is required for salaried people as this ensures that amount invested in Infrastructure Bonds is Taxed by employer.
Employer deducts tax for the same if proper proof is not produced. It is same as any other investments.
I hope IDFC understands it, as majority of investors are salaried people and if this is attitude of IDFC they will not invest in their Bonds or MF and they will loses (they have already lost) their image or creditability.


Vinutha December 16, 2010 at 1:02 am


For scanned copy of allotment advice (L& T Infrastructure bond), you can write to or contact them at 022 6772 0400/6772 0300.

I got my allotment advice from them today.

Hope it is useful for others too.


Manshu December 17, 2010 at 10:43 pm

Thanks Vinutha – this is really useful stuff, and a lot of other folks were looking for this info – much appreciated – thank you!


Amar December 20, 2010 at 3:53 am

Thanks Vinotha for the response of L&T infra bonds… This is really helpful to get the scanned copy for submitting as IT proff. Much apreciated.


nisha December 20, 2010 at 11:41 pm

IFCI infrastructure bond is closing on december 31 2010. It is a very good opportunity to claim tax exemption on additional Rs 20,000. Infra bond is better option than SIP for 5 years.


Angelica Raymond December 23, 2010 at 2:14 pm

Thanks Vinotha for the response of L&T infra bonds… This is really helpful to get the scanned copy for submitting as IT proff. Much apreciated.


Rajesh December 24, 2010 at 9:10 pm

I didn’t got certificate of IDFC Infra bond …as on today…can anybody suggest ..where to get/complaint.

Secondly, needs to submitt IT, How to get scanned copy?


Manshu December 28, 2010 at 8:25 am

Shubho has given an excellent answer to this earlier, so let me just copy paste that here again:

“The best thing to do is to find the nearest Karvy computershare office

( and call them up. You can also

check your application status on the site using your Eight (8) digit IDFC

Long term infrastructure bond application number. this should be on the

top right corner of the receipt of the application you got from your

Agent. You can also try calling up Toll free 1-800-3454-001 or


Hope this helps,


Gaurav January 7, 2011 at 6:24 am
Rajesh January 8, 2011 at 8:40 am

Hello Gaurav…
Thanks a lot for link for downloading allotment advice.



Muthu January 7, 2011 at 6:45 am

Hi Gaurav,

Thanks. I could download receipt from website.



Vibhor January 13, 2011 at 1:21 am

This site was very helpful. Thanks a lot.


POONAM CHOUDHARY January 17, 2011 at 6:26 am

Till date I could not get the certificate of L & T Infrastructure bond . My application NO. is 25382866.What should I do?


Manshu January 18, 2011 at 2:30 am


Reader Vinutha has shared these contact details that you can use to get a scanned copy of your certificate.

For scanned copy of allotment advice (L& T Infrastructure bond), you can write to or contact them at 022 6772 0400/6772 0300.


Suchitra January 24, 2011 at 5:46 am


I have applied for IDFC bond using ICICI direct. I can see the bonds by following the links mentioned i.e FD/Savings->Demat Balance. But it does not give the certficate. Where can I find the application number in icicidirect website so that I can download certificate from Karvy website. Please help.



Manshu January 24, 2011 at 11:13 pm

Sorry Suchitra – I don’t know of a way but to actually call up their support to get the number. Some people here have said that they’ve used the holding statement as tax proof, so you can try that if you’re unable to locate the form.


Suchitra January 25, 2011 at 1:47 am

Thanks for the reply Manshu. I will use the holding statement for now and see if i can get the certificate copy later.


Manshu January 26, 2011 at 7:02 pm

Great Suchitra – I hope it all works out for you.


FL January 31, 2011 at 10:08 pm

You could go to ICICI Direct > IPO > Order Book. The IPO Order Book table shows the application number in the 5th column and even better, you can find a link to tax saving receipt in the last column of this table.


Manshu February 1, 2011 at 8:45 am

Thanks FL – this is useful info.


Suchitra February 2, 2011 at 2:02 am

Thanks FL. I was able to get receipt following above link.


Gopalakrishnan February 1, 2011 at 11:38 pm

I applied the IDFC infrastructure bonds -2 through HDFC securities on 31- Jan -2011. I found the status of the application as executed in Order book in the HDFC Demat webpage.
Please let me know how to get the proof of investment for Income tax. My does not accept the eIPO order confirmation provided by HDFC securities.


manish February 2, 2011 at 12:06 am

I have applied for IFCI infrastructure bond series II. The deemed date of allotment is Jan 31, 2011. I want to know where can i find the status of allotment of bonds as i have not received any mail from them and no update is available in my demat a/c


Manshu February 2, 2011 at 7:07 pm

No one has got that yet, and there is no communication on that.


Snoopy February 16, 2011 at 9:16 am

I applied for IFCI infra bonds – series II through ICICI direct on Dec 16. I can download/print the tax receipt from ICICI direct but till date, I do not know the allotment status. It’s quite crazy.


Manshu February 16, 2011 at 4:58 pm

Based on what you’re saying they should show up in your Demat holdings. Have you checked there?


Gopalakrishnan February 2, 2011 at 12:57 am

I applied for IDFC Infra bond on 31-1-2011. I used the following link to download the receipt

However I can’t find any details when I enter the IPO application number in the above link. Please help.


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