80CCF INFRA BONDS
This query is : Resolved
14 May 2011
Hello Experts,
I need a quick advice from you on infra bonds.
Do they qualify for deduction upto Rs.20,000 even for F.Y 2011-12?
Thanks in advance.
Sumitha
I need a quick advice from you on infra bonds.
Do they qualify for deduction upto Rs.20,000 even for F.Y 2011-12?
Thanks in advance.
Sumitha
14 May 2011
yes, under 80CCF its available.
Message likes :
1 times
14 May 2011
The deduction under section 80CCF (over and above the existing limit of Rs 1,00,000 u/s. 80-C) with respect to investment upto an amount of Rs 20,000 invested in Long term Infrastructure Bonds is extended for one more year (i.e. FY 2011-12).
Message likes :
1 times
15 May 2011
yes agreed to experts,
deduction continue in F.Y.2011-12 also
deduction continue in F.Y.2011-12 also
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