Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 25 January 2018
Section 80CCF was applicable to an individual or Hindu Undivided Family for the investments made in long term infrastructure bonds.
Maximum deduction which was allowed was up to Rs 20,000. This deduction under section 80CCF was over and above the existing aggregate limit of deduction allowable under section 80C, 80CC and 80CCD of the Act.
However, the said deduction was discontinued w.e.f. Assessment Year 2013-14.
CAclubindia
