Fixed deposit
This query is : Resolved
26 November 2016
My Friend has 2 Fixed Deposits worth 1,00,000/- each, Maturity period - 10 years, is he eligible to claim deduction u/s 80C till maturity that means every year........?......
At the time of maturity Investor receives FD amount along with interest, is it taxable?
At the time of maturity Investor receives FD amount along with interest, is it taxable?
26 November 2016
Deduction u/s 80C claimable only in the year of deposit. Interest received on FD is taxable.
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