Deducation 80c
This query is : Resolved
18 March 2017
Sir/Madam,
I want to ask that if i deposited FD for 5 year with Bank, Can i Claim deduction only one time or Every year.
Interest on FD Taxable or Exempt.
I want to ask that if i deposited FD for 5 year with Bank, Can i Claim deduction only one time or Every year.
Interest on FD Taxable or Exempt.
18 March 2017
Investment in FD is liable for deduction only in the yearvwhen the FD was made and not for all 5 years.
Interest in FD is taxable and on year to year basis.
Interest in FD is taxable and on year to year basis.
18 March 2017
THANKS Ruchi for advise
18 March 2017
Investment can be claimed once in the year of investment. Accrued interest to be declared every year, same is taxable Under income from other sources if Taxable limit exceed Threshold limit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
