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80 c deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2010 the interest reinvested in case of post office deposit senior citisen a/c (5yrs) is eligible for deduction under section 80 c .Whther the same rule applies in case of post office reinvested amt as in case of NSC.i.e interest recd to be taken as income and also the same amt can be taken as 80 c deduction bcoz the same has been reinvested ...pls advise
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
19 August 2010 not available on interest reinvestment.
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 August 2010 that means we have to show it as income (interest reinvested amt )but no deduction can be claimed ......is it right?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 August 2010 yes

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