80 ccf

No,

deduction u/s 80ccf is not available from this f.y. (2012-13)

Originally posted by : Arpit Bhandari
	No, deduction u/s 80ccf is not available from this f.y. (2012-13)

I agree with " Arpit "

As per the latest budget & Finance Act 2012, the benefit from investment in Long term infra bonds u/s. 80CCF is no longer available from F.Y. 2012-13..... However a new scheme of investment called ' Rajiv Gandhi Equity Saving Scheme ' has been introduced & replaced the infra bonds....... An individual has to invest in the aforesaid scheme of Rs. 50000 for availing deduction for fixed amount of Rs. 25000 for the financial year in which the investment has made..... so, the maximum deduction that can be availed u/s. 80c is Rs. 100000 + 25000 = 125000.......

agree with srikanth

 

I guess Rajiv Gandhi Equity Saving Scheme is applicable to new investers only(who donot have DEMAT A/c)

As Hon. FM kept mum in his budget speech about 80CCF, which explicitly denoted that now section is scrapped. He introduced RG Equity Saving Scheme and take away 80CCF benefits. Earlier, we were getting exemption of INR 20,000/- by investing 20,000/- i.e. 100% benefit while with new RG equity scheme we only get 50% benefits on investment of 50,000/-. Thanks Mihir Doshi

Is this 25000/- exemption will comes under 80C (Rajiv Gandhi Equity Saving Scheme)? Please clarify