Deduction u/s 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2013
Interest on five years fd under tax saver scheme is reinvested is deductible u/s 80c?
and interest on both principle and reinvested interest is deductable u/s 80c?
and interest on both principle and reinvested interest is deductable u/s 80c?
28 January 2013
hey hi,
No such option is available, hence better to get that amount paid to you & you invest it.
Such benefit is available only for int. on NSC.
Thanks!!
No such option is available, hence better to get that amount paid to you & you invest it.
Such benefit is available only for int. on NSC.
Thanks!!
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28 January 2013
5-Yr bank fixed deposits (FDs): Tax-saving fixed deposits (FDs) of scheduled banks with tenure of 5 years are also entitled for section 80C deduction.
From the above it is quite clear that only Fixed Deposit, not interest is available for claiming deduction. However u can make the FD of the interest amount to avail the deduction u/s 80C.
From the above it is quite clear that only Fixed Deposit, not interest is available for claiming deduction. However u can make the FD of the interest amount to avail the deduction u/s 80C.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2013
Thanks,
sir i heared from someone that their was a central scheme before sometimes for deduction interest on tax saver fd.
sir i heared from someone that their was a central scheme before sometimes for deduction interest on tax saver fd.
28 January 2013
http://gsoftnet.blogspot.in/2012/06/benefits-of-tax-us-80c-in-assessment.html
Kindly go through the article.
Kindly go through the article.
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