Recently IDFC has made its public offering for its Infrastructure Bonds elibile for deduction u/s 80CCF for which the investor is compulsorily required to own a Demat account.
As The Infra Bonds u/s80CCF can also be purchased in the name of Joint Holders(max 3 Joint Holders) whether-
1. The deduction u/s80CCF will be available to all the Joint Holders(max 3) in their individual capacity?
2. If Yes, whether the deduction u/s80CCF will be available to all the Joint Holders(max 3) for the amount invested or Rs. 20,000 individually, or is there any other manner of such a calculation(in case of Joint Holdings)?
3. If Any of the Joint Holder does not own any Demat Account (But the First Holder owns the same), can the deduction still be claimed by such Joint Holder not owning the Demat Account?