Deduction under chapter vi
This query is : Resolved
Binaya jai
(Querist)
23 February 2016
is extra deduction of rs50000 is allowed for investment in infrastructure bond over 150000
KAVIRAJA ADDANGADI
(Expert)
23 February 2016
NO ,u/s 80CCF Subscription made by individual or HUF to the extent of Rs. 20,000 to notified long term infrastructure bonds is exempt from A.Y. 2011-12 onwards. This deduction is discontinued w.e.f. A.Y. 2013-14.
Amol S Joglekar
(Expert)
23 February 2016
All put together is the limit. Let us watch out for the same in the upcoming budget.
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