Deduction in respect of subscription to long term infrastructure bonds

Deduction in respect of subscription to long term infrastructure bonds(sec. 8OCCF)

Subscription to long term infrastructure bonds u/s 80CCF will not be eligible for deduction from assessment year 2013-2014.

Previously,

A deduction is allowed on an amount of rs 20,000 or actual amount, paid or deposited whichever is less, with respect to the assessment year 2012-2013 by Individual or HUF as subscription to long term infrastructure bonds, notified by the central government.

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