Deduction in respect of subscription to long-term infrastructure Finance bonds under Section 80CCF of the Income Tax Act, 1961

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..... Deduction in respect of subscription to long-term infrastructure Finance bonds under Section 80CCF of the Income Tax Act, 1961 - News and Press Release Dated:- 27-10-2010 - News - It may be reca .....

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..... lled that the Central Government, vide Notification No.48/2010/F.No. 149/84/2010-SO (TPL) dated July 09, 2010, has specified certain bonds as long term infrastructure bonds for the purposes of Sectio .....

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..... n 80CCF of Income Tax Act, 1961 viz, bonds issued by Industrial Finance Corporation of India, Life Insurance Corporation, Infrastructure Development Finance Company and a Non-Banking Finance Compan .....

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..... y classified as an Infrastructure Finance Company by the Reserve Bank of India. 2. It is accordingly advised that amount raised by issue of infrastructure bonds by Infrastructure Finance Companies, .....

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..... as specified in the notification issued from time to time by the Central Government under Section 80CCF of the Income Tax Act, 1961 , shall not be treated as 'public deposit' within the meaning of .....

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..... paragraph 2(1) (xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998. 3. Notification issued in this regard, DNBS (PD) Notification No.216 (US)/2 .....

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..... 010 dated October 22, 2010, amending the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998, is enclosed. - News - Press release - PIB Tax Management I .....

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..... ndia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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