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80's deduction

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04 February 2013 IS INTEREST ON FDR EXEMPT FROM TAX UNDER SECTION 80?
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
06 February 2013 First thing, Income are exempt under section 10.

Section 80C prescribes deduction.

Interest on FDs is not deductible under section 80C nor it is exempt under section 10 .

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