What is Limit on deductions under sections 80C, 80CCC and 80CCD Deduction in respect of subscription to long-term infrastructure bonds? Section 80CCE and 80CCF of Income Tax Act 1961

Limit on deductions under sections 80C, 80CCC and 80CCD and Deduction in respect of subscription to long-term infrastructure bonds are defined under section 80CCD and 80CCF of Income Tax Act 1961. Provisions under these Sections are:

Section 80CCE of Income Tax Act "Limit on deductions under sections 80C, 80CCC and 80CCD"

Section 80CCE. The aggregate amount of deductions under section 80C, section 80CCC and sub-section (1) of section 80CCD shall not, in any case, exceed 27[one hundred and fifty thousand rupees].

 

Section 80CCF of Income Tax Act "Deduction in respect of subscription to long-term infrastructure bonds"

Section 80CCF. In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, the whole of the amount, to the extent such amount does not exceed twenty thousand rupees, paid or deposited, during the previous year relevant to the assessment year beginning on the 1st day of April, 2011 or to the assessment year beginning on the 1st day of April, 2012, as subscription to long-term infrastructure bonds as may, for the purposes of this section, be notified by the Central Government.

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