80 ccf deduction for f.y.2012-13

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2012 to claim 80 ccf where to invest money for the f.y.2012-13.

Avinash A. Pamnani

Avinash A. Pamnani (Expert)
Follow

10 August 2012 This deduction was available on investments in infrastructure bonds (notified by central govt). However No deduction u/s 80CCF will be available since AY 13-14. as per the amendments in finance bill 2012.

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)
Follow

10 August 2012 This deduction is not available for FY 2012-13.

Nachiket Vasantgadkar

Nachiket Vasantgadkar (Expert)
Follow

10 August 2012 Rather try this option:

Rajiv Gandhi Equity Savings scheme (Max Investment Limit Rs. 50,000)

It will provide income tax deduction of 50% for those who invest upto Rs.50,000 directly into equities and whose annual income is less than Rs.10 lakh, subject to a three -year lock in.