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80CCF INFRA BONDS

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(Querist)
14 May 2011 Hello Experts,

I need a quick advice from you on infra bonds.
Do they qualify for deduction upto Rs.20,000 even for F.Y 2011-12?

Thanks in advance.


Sumitha
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U S Sharma

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U S Sharma (Expert)
14 May 2011 yes, under 80CCF its available.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
14 May 2011 The deduction under section 80CCF (over and above the existing limit of Rs 1,00,000 u/s. 80-C) with respect to investment upto an amount of Rs 20,000 invested in Long term Infrastructure Bonds is extended for one more year (i.e. FY 2011-12).
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
15 May 2011 yes agreed to experts,

deduction continue in F.Y.2011-12 also

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