Deduction u/s 80c

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rajat (Querist)
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03 June 2015 i wanted to know, weather monthly re-curing deposit with bank is eligible for deduction u/s 80c, as investment???

CS Advocate Abhishek Goyal (Expert)
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03 June 2015 No it is not. On the contrary its interest is taxable.

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Rupesh Jain (Expert)
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04 June 2015 no, its intt will be taxable under the income from other sources

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