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deduction in total income

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(Querist)
05 February 2011 if i takean FD palan of 555 or 1000 days then deduction can be allowed to me in U/C 80C
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CA ASHISH GUPTA

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CA ASHISH GUPTA (Expert)
05 February 2011 No..
shall be more then 5 yrs
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 February 2011 Provided the said FD is covered under Bank Term Deposit Scheme,2006. The details of the scheme are available in CBDT Notification S.O.1220(E) dated 28/7/2006.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 February 2011 Yes. Duration must be not less than five years.

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