22 April 2017
If I made FDin the bank for 3years in current year.Total amount paid for FD can be claimed as deduction in the current year it self.Requesting u to brief deductions that can be claimed on fd & w
hat about interest on fd when it taxable???
23 October 2021
The 3 year FD is not eligible for deduction under sec. 80C. So, no deduction on principal or Interest. Interest will be taxable on accrual u/h. IFOS.
CAclubindia
