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.