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Additional deduction of 20000 for investment in infra bonds

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(Querist)
20 September 2012 Sir

I have to start tds deduction of employees in my company. They are asking whether additional deduction of 20000 for infrastructure bonds is applicable for FY 2012-2013 OR NOT. AS THIS WILL REDUCE THEIR TAX LIABILITY

PL REPLY AT THE EARLIEST

THANKS & REGARDS
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
20 September 2012 NO..from the financial year 2012-13 deduction is not available for investment in infrastructure bonds

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