Fixed Deposit for Tax Benefit.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2011
Dear All,
If i will put FD in the bank for IT benefit for 5 year but want to withdraw in few month, in that case can i withdraw FD? Kindly guide me.
If i will put FD in the bank for IT benefit for 5 year but want to withdraw in few month, in that case can i withdraw FD? Kindly guide me.
07 February 2011
If you deposit money for five years in a bank for getting deduction u/s 80C of the IT ACt, in that case Bank mention that on FD and will not allow you to encash before maturity.
Message likes :
1 times
07 February 2011
As per clause 11(2) of the Bank Term Deposit Scheme,2006 ,by which those deposit's are eligible for 80C deduction, premature withdrawal is not permitted.
Message likes :
1 times
Guest
Guest
(Expert)
07 February 2011
No withdrawal is allowed except in cash of death
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
