Deduction u/s 80ccf in respect of investment in infra bonds
This query is : Resolved
CA Sanjay Baheti
(Querist)
22 March 2012
As per Finance Budget,2012 Deduction u/s 80 CCF in respect of Investment in Infrastructure Bonds maximum up to Rs.20000/-is likely to be withdrawn.
Now query is whether deduction under this section can be claimed for the Asst.Year 2012-13 or not because certain taxpayers have already invested therein to avail deduction in said section on or before 17/03/2012.
Now query is whether deduction under this section can be claimed for the Asst.Year 2012-13 or not because certain taxpayers have already invested therein to avail deduction in said section on or before 17/03/2012.
Ranjan Dayal
(Expert)
23 March 2012
Dear Mr. sanjay
As per Finace Budget'2012 no such amendment made under section 80CCF, further also whatever the amendment made in chapter VI of income tax act i.e U/s 80C to 80U will be applicabel for the assessment Year 2013-14.
As per Finace Budget'2012 no such amendment made under section 80CCF, further also whatever the amendment made in chapter VI of income tax act i.e U/s 80C to 80U will be applicabel for the assessment Year 2013-14.
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