Fixed deposits

This query is : Resolved

Rahul (Querist)
Follow

15 February 2019 regular fixed deposit for 5 years can I claim under for 80C

Amol S Joglekar (Expert)
Follow

15 February 2019 No. It should qualify for 80C

Bhaskaran Chackrapani Warrier (Expert)
Follow

15 February 2019 For 80C, the deposit should necessarily be made under the 'Bank Term Deposit
Scheme,2006'.
Citation :- 284 ITR (St) 73.

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

Unanswered Queries

view all classess