Section 80C deduction eligibility for NABARD Rural Bonds specified, applying from the assessment year commencing in 2008. The Central Government specifies the NABARD Rural Bonds issued by the National Bank for Agriculture and Rural Development as eligible investments for deduction under Section 80C, invoking powers conferred by the Finance Act, 2007 amendment; the specification is subject to an aggregate subscription ceiling and takes effect from the commencement of the stated fiscal period, applying to the subsequent assessment year.