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
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- TDR receipts for agreement holder
- Sale of property furniture sale
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Company Incorporation - CA and directors signing from different states
- JOB WORK ITC 04
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- Point (III) 9 of GSTR-9C
- MIS MATCH OF INVOICE NUMBER
- 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
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
