As per present rule 80CCF is allowed for FY 2011-12,as the same has not been enhanced in Finance Bill 2012. There will no deduction u/ s 80CCF in the current Financial Year 2012-13.
Direct tax code also does not have deduction for 80CCF,the same has been proposed to be adopted for coming year also.
After deletion of this clause there will be 6180 loss of tax for 30% slab and 4120 for 20 % slab and 2060% loss for 10% slab .
Categories: Income Tax