Tax saving fixed deposit

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Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2016 Dear Expert !

1.In Can Partnership Firm get benefit in TAX saving Fixed Deposit ?

2. In Tax Saving FD , a interest in taxable .. m i right?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 April 2016 1. No.

2. Yes,taxable.

Message likes : 1 times

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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19 April 2016 Agree with Chackrapani Sir, Partnership firm cannot take tax saver FD as deduction and its Interest will be taxable for every one.

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Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2016 Sir,
after all deducation means (HRA-Conveyance-Professional Tax) i received salary so in which itr should i file itr 1 or itr 2, i confused regarding Standard Deducation limit