Deduction u/s 80ccf in respect of investment in infra bonds

This query is : Resolved

CA Sanjay Baheti (Querist)
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22 March 2012 As per Finance Budget,2012 Deduction u/s 80 CCF in respect of Investment in Infrastructure Bonds maximum up to Rs.20000/-is likely to be withdrawn.

Now query is whether deduction under this section can be claimed for the Asst.Year 2012-13 or not because certain taxpayers have already invested therein to avail deduction in said section on or before 17/03/2012.

Ranjan Dayal

Ranjan Dayal (Expert)
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23 March 2012 Dear Mr. sanjay
As per Finace Budget'2012 no such amendment made under section 80CCF, further also whatever the amendment made in chapter VI of income tax act i.e U/s 80C to 80U will be applicabel for the assessment Year 2013-14.