Income Tax Act, 1961
Section 9: Ins. by Act 33 of 2009, s. 30 (w.e.f. 12009).
9. Ins. by Act 33 of 2009, s. 30 (w.e.f. 12009).
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1[80CCE. Limit on deductions under section 80C, section 80CCC and 80CCD.—The aggregate
amount of deductions under section 80C, section 80CCC and 2[sub-section (1) of section 80CCD] shall
not, in any case, exceed 3[one hundred and fifty thousand rupees].]
4[80CCF. Deduction in respect of subscription to long-term infrastructure bonds.—In computing
the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted,
the whole of the amount, to the extent such amount does not exceed twenty thousand rupees, paid or
deposited, during the previous year relevant to the assessment year beginning on the 1st day
of April, 2011 5[or to the assessment year beginning on the 1st day of April, 2012], as subscription to
long-term infrastructure bonds as may, for the purposes of this section, be notified by the Central
Government.]
6[80CCG. Deduction in respect of investment made under an equity savings scheme.—(1) Where
an assessee, being a resident individual, has, in a previous year, acquired listed equity shares 7[or listed
units of an equity oriented fund] in accordance with a scheme, as may be notified by the Central
Government in this behalf, he shall, subject to the provisions of sub-section (3), be allowed a deduction,
in the computation of his total income of the assessment year relevant to such previous year, of fifty per
cent of the amount invested in such equity shares 7[or units] to the extent such deduction does not exceed
twenty-five thousand rupees.
8[(2) The deduction under sub-section (1) shall be allowed in accordance with, and subject to, the
provisions of this section for three consecutive assessment years, beginning with the assessment year
relevant to the previous year in which the listed equity shares or listed units of equity oriented fund were
first acquired.]
(3) The deduction under sub-section (1) shall be subject to the following conditions, namely:—
(i) the gross total income of the assessee for the relevant assessment year shall not exceed
9[twelve lakh rupees];
(ii) the assessee is a new retail investor as may be specified under the scheme referred to in
sub-section (1);
(iii) the investment is made in such listed equity shares 7[or listed units of equity oriented fund] as
may be specified under the scheme referred to in sub-section (1);
(iv) the investment is locked-in for a period of three years from the date of acquisition in
accordance with the scheme referred to in sub-section (1); and
(v) such other condition as may be prescribed.
(4) If the assessee, in any previous year, fails to comply with any condition specified in
sub-section (3), the deduction originally allowed shall be deemed to be the income of the assessee of such
previous year and shall be liable to tax for the assessment year relevant to such previous year.]
of section 80CCD] shall
not, in any case, exceed 3[one hundred and fifty thousand rupees].]
4[80CCF. Deduction in respect of subscription to long-term infrastructure bonds.—In computing
the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted,
the whole of the amount, to the extent such amount does not exceed twenty thousand rupees, paid or
deposited, during the previous year relevant to the assessment year beginning on the 1st day
of April, 2011 5[or to the assessment year beginning on the 1st day of April, 2012], as subscription to
long-term infrastructure bonds as may, for the purposes of this section, be notified by the Central
Government.]
6[80CCG. Deduction in respect of investment made under an equity savings scheme.—
Where
an assessee, being a resident individual, has, in a previous year, acquired listed equity shares 7[or listed
units of an equity oriented fund] in accordance with a scheme, as may be notified by the Central
Government in this behalf, he shall, subject to the provisions of sub-section
The deduction under sub-section
shall be allowed in accordance with, and subject to, the
provisions of this section for three consecutive assessment years, beginning with the assessment year
relevant to the previous year in which the listed equity shares or listed units of equity oriented fund were
first acquired.]
The deduction under sub-section
shall be subject to the following conditions, namely:—
the gross total income of the assessee for the relevant assessment year shall not exceed
9[twelve lakh rupees];
the assessee is a new retail investor as may be specified under the scheme referred to in
sub-section
the investment is made in such listed equity shares 7[or listed units of equity oriented fund] as
may be specified under the scheme referred to in sub-section
the investment is locked-in for a period of three years from the date of acquisition in
accordance with the scheme referred to in sub-section
such other condition as may be prescribed.
If the assessee, in any previous year, fails to comply with any condition specified in
sub-section