10 August 2012
This deduction was available on investments in infrastructure bonds (notified by central govt). However No deduction u/s 80CCF will be available since AY 13-14. as per the amendments in finance bill 2012.
It will provide income tax deduction of 50% for those who invest upto Rs.50,000 directly into equities and whose annual income is less than Rs.10 lakh, subject to a three -year lock in.