19 August 2010
the interest reinvested in case of post office deposit senior citisen a/c (5yrs) is eligible for deduction under section 80 c .Whther the same rule applies in case of post office reinvested amt as in case of NSC.i.e interest recd to be taken as income and also the same amt can be taken as 80 c deduction bcoz the same has been reinvested ...pls advise