capital asset or item eligible for deduction under sec80C

Save Share

This query is : Resolved

CA Vijeta Verma (Querist)

15 August 2010 is purchase of notified bonds of infrastructure company a capital asset(thereby no adjustment in taxable income) or an item eligible for deduction under sec80C

CA Sanat Pyne

CA Sanat Pyne (Expert)

15 August 2010 NOW PURCHASE OF NOTIFIED BOND OF INFRASTRUCTURE BOND WILL BE ELIGIBLE U/S 80CCF.

CA Vijeta Verma

CA Vijeta Verma (Querist)

15 August 2010 but sir sec 80CCf is applicable from A/y2011-12?isnt it? if am correct then what should be the treatment now?
regards

CA Sanat Pyne

CA Sanat Pyne (Expert)

16 August 2010 IN 80CCF YOU CAN GET EXTRA 20000 BENIFIT.
AND INVESTMENT IN IFRASTRUCTURE BOND IS ALSO ELIGIBLE FOR 80C,

Infrastructure Bonds: These are also popularly called Infra Bonds. These are issued by infrastructure companies, and not the government. The amount that you invest in these bonds can also be included in Sec 80C deductions.
YOU CAN ALSO DOWNLOAD DETAILS OF 80C FILE FROM MY FILE SECTION

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now