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Section 80CCF provides Rs 20,000 extra deduction for subscribing long-term infrastructure bond . The Government has , now notified vide Notification No. 50/2011 [F.NO. 178/43/2011-SO(ITA.1)], Dated 9-9-2011 that infrastructure bond issued by five kinds of companies can be valid for subscription for the purpose pf 80CCF deductions. Who Can Issue Infrastructure bond The Industrial...
Let us say you want to invest in tax saving fixed deposits which gives you deduction u/s 80C . Let us say , your wife is made first holder and you have given your name as second holder . The question comes , whether you can claim deduction for investment in such tax saving fixed...
The Finance Act2010 introduced a new deduction u/s 80CCF for deduction up to the extent of Rs 20,000 for investment in specified infratrcuture bonds. now the government has approved plans of LIC and certain other finance companies for issue of infrastructure bonds . The section 80CCF is 80CCF. In computing the total income of an...
budget proposals :Settlement Scope Increased
Now search and seizure cases pending for assessment is eligible for application for settlement to Settlement Commission .
Extra Deduction of Rs 20,000 For Individuals & HUF
A deduction u/s 80CCF for an additional amount of Rs.20,000 for investment in long-term infrastructure bonds as notified by the
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