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Fixed deposite under 80c

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2013 Can we get the benefit for making F.D in Nagari Co- Op Patsanstha under 80C. Pls guide
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Hemant Kumar

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Hemant Kumar (Expert)
13 March 2013 No...
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
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Hemant Kumar

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Hemant Kumar (Expert)
13 March 2013 No...
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
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Hemant Kumar

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Hemant Kumar (Expert)
13 March 2013 No...
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
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Hemant Kumar

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Hemant Kumar (Expert)
13 March 2013 No...
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
13 March 2013 If the co-operative bank is a scheduled bank, it would be allowed.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
13 March 2013 If such FD is under the scheme of tax savings deposit scheme and the deposited bank is scheduled bank then the tax benefit of FD is available u/s 80C.

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