Deduction
This query is : Resolved
29 July 2016
Hello all... Is there any deduction available for amount deposited in RD? If yes,Under what section & what is the maximum exemption ?
31 July 2016
Under Section 80C of Income Tax Act 1961, there is no deduction for deposit in RD account. You can read in the following link investments which are allowed for deductions u/s 80C
http://www.incometaxindia.gov.in/_layouts/15/dit/pages/viewer.aspx?grp=act&cname=cmsid&cval=102120000000037018&k=&isdlg=0
http://www.incometaxindia.gov.in/_layouts/15/dit/pages/viewer.aspx?grp=act&cname=cmsid&cval=102120000000037018&k=&isdlg=0
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