Hey,
Before I read your question, I did not have a single clue about infrastructure bonds 80CCF. I called my father and asked him to tell me the meaning. He shared various resources with me. Now that I have a basic understanding of the tax benefits offered to Indian citizens I can answer your question.
Opt for NoBroker’s legal services if you need help understanding the legalities related to income tax or related to your property.Invest your money with NoBroker in properties and get better returns in future. What is 80CCF infrastructure bonds?
The Government of India has launched a scheme wherein people can invest in the Government approved infrastructure bond (infrastructure project) and get benefits like tax deductions. This is why all the government-approved infrastructure companies have been given permission to issue bonds with a decent rate of interest.
Keep reading what is 80CCF.
Anyone who invests in these infrastructure projects and bonds will need to do so for a tenure of a minimum of ten years and a lock-in period of five years. This scheme was launched in 2011. You can find a list of these bonds on the notice board of government offices or the official website of the government of India.
What is 80CCF in Income Tax?In Section 80CCF of the Income Tax Act, certain provisions have been listed via which investors get benefits. I also found that, in section 80, it is mentioned that any taxpayer who has invested in the infrastructure bond scheme will avail of a deduction of up to Rs. 20,000 per year on total taxable income.
If you have any questions about infrastructure bonds 80CCF. Leave them in the comment section below. I will try my best to solve your query.
Read more :
What is section 11 of income tax act ? What is Section 192 of income tax act? What is section 80gg of income tax act? How to redeem IDFC infrastructure bonds tranche 2 ?
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What is 80CCF infrastructure bonds ?
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2022-09-18T18:46:04+00:00 2022-09-18T18:46:06+00:00Comment
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