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In respect of infrastructure bonds issued under the provisions of Section 80CCF of the Income Tax Act, what is the maximum amount, in thousands, up to which these bonds can be covered?

1. 30
2. 20
3. 40
4. 50

Correct answer: 20

Solution

Section 80CCF allowed a deduction for investment in infrastructure bonds up to a maximum of ₹20,000. Therefore, the correct option is 20.

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