Hi
Is the provision for getting deduction of Rs.20000 for investment in infra bonds available for AY-18-19?
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Was section 80ccf-investment in infra bonds restored?
Replies (1)
Section 80CCF was applicable to an individual or Hindu Undivided Family for the investments made in long term infrastructure bonds.
Maximum deduction which was allowed was up to Rs 20,000. This deduction under section 80CCF was over and above the existing aggregate limit of deduction allowable under section 80C, 80CC and 80CCD of the Act.
However, the said deduction was discontinued w.e.f. Assessment Year 2013-14.
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