Deduction u/s 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2013
I had made a FD of 100000 in SBI 5 years ago.I reccieved Rs.150000 in FY 12-13.Now in deduction u/s 80c what is the amount for which i will get deduction and what amount should i show under the head income from other sources.
07 June 2013
1. No 80 C deduction in F.Y 2012-13 as you not invested the money in this year.
2. Accrued interest on The FD should be shown spreading in 5 year.
3. In f.Y 2012-13, show only the accrued interest related to this year out of 50000/-
2. Accrued interest on The FD should be shown spreading in 5 year.
3. In f.Y 2012-13, show only the accrued interest related to this year out of 50000/-
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Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2013
then in which year shouldm i claim deduction u/s 80c.There is a deduction u/s 80c for fd made in some banks for 5 years.
08 June 2013
In the year you make FD i.e ist year of FD
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