Investment in Fixed Deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2011
Dear Sir/Madam,
As per Income Tax reckoner income tax deduction u/s80c is available on fixed deposit of five years from scheduled bank.
Question is:- that can we get deduction on fixed deposit of five year issued from any bank whether private, nationalised or scheduled bank, because even private banks are issuing tax benifit Fixed deposits for 5 year.
Does that means, FD from Axis, HDFC, ICICI etc will not be allowed for claiming deductions
Please guide
Thanks in advance
As per Income Tax reckoner income tax deduction u/s80c is available on fixed deposit of five years from scheduled bank.
Question is:- that can we get deduction on fixed deposit of five year issued from any bank whether private, nationalised or scheduled bank, because even private banks are issuing tax benifit Fixed deposits for 5 year.
Does that means, FD from Axis, HDFC, ICICI etc will not be allowed for claiming deductions
Please guide
Thanks in advance
16 March 2011
Please read this .... you will have the answer :
https://www.caclubindia.com/articles/income-tax-saver-fixed-deposits-must-know-facts-6830.asp
https://www.caclubindia.com/articles/income-tax-saver-fixed-deposits-must-know-facts-6830.asp
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- Gstr 9 2023-24
- GST Form ADT-02
- Reporting of savings account interest income
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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?
Trending Online Classes
CAclubindia
