Circular no. 8/2012 [f.no. 275/192/2012-it(b)], dated 5-10-2

This query is : Resolved 

12 October 2012 My query is this in. Circular no. 8/2012 [F.NO. 275/192/2012-IT(B)], DATED 5-10-2012

There are some solved illustration given, in example no. 5 they have given deduction for 20000/- in 80 CCF in assessment year 2013-14

But 80CCF is withdrawn & it is clearly mentioned in the same article as given below

5.5.4 Deduction in respect of subscription to Long Term Infrastructure Bonds:
Section 80CCF has been withdrawn from FY 2012-13. Hence no deduction is allowable under this section for the current FY onwards.

So why they allowed deduction of 80CCF in that particular example no. 5
Experts Pls clarify me, may be I am wrong

Thanks

12 October 2012 Dear Uday

I think by mistake Team of drafting committee includes Section 80CCF in example. You are correct that deduction u/s 80CCF is not available for A.Y. 2013-14 onwards.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries