18 March 2017
Investment in FD is liable for deduction only in the yearvwhen the FD was made and not for all 5 years. Interest in FD is taxable and on year to year basis.
18 March 2017
Investment can be claimed once in the year of investment. Accrued interest to be declared every year, same is taxable Under income from other sources if Taxable limit exceed Threshold limit.
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