Deduction 80CCF (Urgent)

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Vaibhav

Vaibhav (Querist)
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30 March 2011 What is the limit of deduction in u/s 80CCF?
investment in IDFC is considered in 80CCF?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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30 March 2011 Additional 20000/- deduction under section 80CCF is allowed over the cap of 1 lac (80C/80CCC). This 20000/- is allowed for investments in notified infrastructure Bonds.

IDFC bond is covered under section 80CCF.

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Vaibhav

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30 March 2011 in the IDFC bond certificate " in the nature of secured, redeemable, non convertible debenture, having benefits u/s 80CCF of the income tax act, 1961 (the bonds), not exceeding Rs. 34000 millon for the F.Y. 2010-11

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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30 March 2011 What's your question ?

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