Monday, March 21, 2011

DEDUCTIONS FROM GROSS TOTAL INCOME - Notification No. 68/2010 & 48/2010

DEDUCTION from GTI

1.N/N 68/2010-Donation to ArcheryAssociation of India,New Delhi is eligible for dedctn u/s80G fromAY10-11 to12-13

2.N/N 48/2010-LongTerm Bond u/s80CCF,
*Eligible Issuer-IFCI, LIC, IDFC, NBFC(Infrastructure)
*Tenure of Bond-Min5yrs
*Minimum Lock-in-Period for Investor-5yrs(Hypothecation allowed)
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