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

1285 views 3 replies

CA Sanjay Baheti

PROPRIETOR

1160 Points Posted on 19 September 2011

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)

VIJAY KUMAR B

Articles

37 Points Posted on 19 September 2011

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

valji

Accounts manager-MBA

2150 Points Posted on 19 September 2011

AGREE WITH VIJAY

Lifins Financial

Owner

41 Points Posted on 24 September 2011

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