06 March 2012
Whether investment in Bonds is exempt from tax u/s 80ccf for the A.Y.2012-13? If yes,then Which thpe of bonds will cover under 80CCf? What is the maximum exemption limit for claiming deduction u/s 80ccf?
06 March 2012
1. Yes investment in bonds is exempt u/s 80CCF for AY 12-13 as well. 2. Infrastructure bonds are covered u/s 80CCF. 3. The maximum deduction that can be claimed u/s 80CCF is Rs. 20,000/-.