Long Term Infrastructure Bonds - is 80C Deduction available?
This query is : Resolved
jinkesh jain
(Querist)
24 August 2010
does investment in Long Term Infrastructure Bonds(Eligible under section 80CCF)qualify for deduction under section 80C also? Suppose i invest Rs. 50,000/- in those bonds... i will get deduction of Rs. 20,000/- u/s 80CCF. can i claim balance dedcution of Rs. 30,000/- under 80C?
Aditya Maheshwari
(Expert)
24 August 2010
No the same is allowable under 80CCF only upto Rs. 20,000/-.
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sachin alwadhi
(Expert)
24 August 2010
DEDUCTION U/S 80 CCF IN ADDITION TO 80C.SO DEDYCTION U/S 80C IS 1 LAKHS IS SEPARATE AND 20000 U/S 80 CCF IS SEPARATE.
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