80CCF bonds are long-term infrastructure bonds issued by specified financial institutions and non-banking financial companies (NBFCs). These bonds are eligible for tax deductions under Section 80CCF of the Income Tax Act, 1961, which allows individuals to reduce their taxable income by investing in these bonds.
To be eligible for tax benefits under Section 80CCF:
Note: During 2013-2014, Section 80CCF was removed but now it's available again for new investments. Investors are advised to check the latest provisions under the Income Tax Act or consult with a tax advisor for current tax-saving options.