query for deduction
This query is : Resolved
15 February 2011
is Bank Fixed Deposits are allowed for deduction from Gross total Income
15 February 2011
Fixed deposits are allowed as deduction if..."period of maturity =more than 5 yrs.
in a scheduled bank and as framed and notified by the Govt.
in a scheduled bank and as framed and notified by the Govt.
15 February 2011
agreed. it is covered in section 80C of income tax act
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