Part A : Direct Taxes
69 Bonds u/s.80CCF specified — Notification No. 48/2010,
dated 9-7-2010.
The CBDT has mandated IFCI, LIC, IDFC and any NBFC classified as an
infrastructure company by the RBI to issue bonds u/s 80CCF for A.Y. 2011-12. The
nature, yield, tenure and other specifications have been mentioned in this
Notification. Deduction up to Rs.20,000 is available to assessees in addition to
deduction u/s. 80C of the Act on investment in such bonds. The bonds would have
a lock-in period of minimum five years.