Deduction u/s 80ccf of i.t. act as to eligible bonds

Tax queries 1086 views 3 replies

My client being an Individual has invested in L& T Infrastructure Bonds for Rs. 20000/- in F.Y. 2010-11 in the name of Her Wife out of his taxable Income.

Now query is whether her husband can claim the same in his return as tax deduction from his Taxable Income u/s 80CCF of I.T. Act or not.

CA SANJAY BAHETI

Replies (3)

no, bonds sholud be in assesss's name acc. to sec-80CCF

AGREE WITH VIJAY

 

Infrastructure Bonds for 2011-2012 with Tax benefit u/s 80CCF.

 

IFCI Ltd,

 

LIC,

 

IDFC,

 

L&T Infrastructure Finance Company Limited,

 

Rural Electrification Corporation Limited (REC),

 

Power Finance Corporation Limited (PFC),

 

Indian Infrastructure Finance Company Ltd(IIFCL) s

 

Tranches 1/2/3/4/5/6

 

Series: 1/2/3/4/5/6/                    

 

Save Tax on Rs. 20,000/-

 

For investment visit  www.lifins.in  or call on 9822403407, 9371011297

 

Contact us for Investment:

 

Lifins Financial
968/1, Senapati Bapat Road,
Opposite Ratna Memorial Hospital,
Between ATM of PNB and Vidya Sahakari Bank, Pune 411016,
Contact No: 09822403407  ,  09371011297
Email id : sk @ lifins.in
lifinsfinancial @ gmail.com
www.lifins.in


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