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Eligibility of 80ccf exemptions

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Querist : Anonymous (Querist)
02 February 2012 Whether Investment in power finance corporation tax free bonds opened on 30th dcember is eligible investment for claiming 80CCF deductions
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Prof. Bajaj

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Prof. Bajaj (Expert)
03 February 2012 No. Tax-Free Bonds just mean that the interest received on these bonds will not be taxed.

However, the investment in these bonds will not be eligible for deductions under 80C or 80CCF or any other.

There are some agents who are trying to cheat people by telling that these bonds will qualify for deductions. Currently tax free bonds of HUDCO and IRFC are also open. But even they wont qualify for deductions.
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