Jagadeesan (Manager) (21 Points)
01 December 2019If I buy infra bonds in secondary market (Resale market), is that eligible for tax exemption under 80CCF?
If not, Where/how to buy infra bonds in primary market?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183881 Points)
Replied 01 December 2019
Kapadia Pravin
(17264 Points)
Replied 02 December 2019
Section 80CCF has been discontinued w.e.f. FY 1.4.2011.
Buying such bonds from primary market does not give 80CCF deduction.
Only original allotees got 80CCF deduction.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 10 July 2020
NO it is not eligible for tax exemption under 80CCF.
CAclubindia
