Interest on fixed deposit
This query is : Resolved
19 December 2014
interest on fixed deposits can claim deduction under section 80c
19 December 2014
No.
You cant claimed as deduction u/s 80C.
You cant claimed as deduction u/s 80C.
20 December 2014
Additionally, Interest Income will be taxable under the head Income from Other Sources. No exemption. No exemption. No deduction.
20 December 2014
no it is not u/s80C. but it is taxable under income form other sources.
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