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80C Limit in IT Act

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2010 Is limit of sec.80C Limit extended to 125000 and 80CCF "Infrastructural Bonds" to 25000 for F.Y. 2010-2011 ???
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
27 December 2010 Rs. 120000 ( 20000 for bonds)
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CA Vinay Gandhi

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CA Vinay Gandhi (Expert)
27 December 2010 I agree with the expert



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vinu vasudevan

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vinu vasudevan (Expert)
27 December 2010 The total deduction under Sec 80C(alongwith section 80CCC and 80CCD) is limited to Rs. 1 lakh only. An additional deduction upto a maximum of Rs. 20,000/- will be available from Assessment Year 2011-12 (FY 2010-11) for investment in Infrastructure Bonds.
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Rahul Gupta

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Rahul Gupta (Expert)
27 December 2010 Agreed with the above experts.

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