15 September 2011
My client being an Individual has invested in L& T Infrastructure Bonds for Rs.20000/- in F.Y. 2010-11 in the name of Her Wife out of his taxable Income.
Now query is whether her husband can claim the same in his return as tax deduction from his Taxable Income u/s 80CCF of I.T. Act or not.
20 September 2011
Only the person in whose name the bonds have been issued can claim deduction. Accordinlgy, husband will not be eligible to claim deduction.