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of <h1>Amendment to Section 80CCF: Extends Tax Deduction on Long-Term Infrastructure Bonds for Assessment Year 2012-2013.</h1> Clause 9 of the Finance Bill, 2011 proposes an amendment to section 80CCF of the Income-tax Act, which pertains to deductions for subscriptions to long-term infrastructure bonds. The existing provision allows a deduction of up to twenty-thousand rupees for amounts paid or deposited during the previous year relevant to the assessment year starting April 1, 2011. The amendment extends this deduction to include amounts paid or deposited for the assessment year beginning April 1, 2012. This change will be effective from April 1, 2012, applicable to the assessment year 2012-2013.
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