Is deposit with a co-op bank eligible for 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2012
Dear Sirs,
Is deposit made with a co-operative bank eligible for deduction u/s 80C of the Income Tax Act, 1961?
Is deposit made with a co-operative bank eligible for deduction u/s 80C of the Income Tax Act, 1961?
09 October 2012
yes if deposits are made in tax saving schemes(genrally for a period of five years or more)
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2012
Thank. But please clarify whether it will be OK, if the bank is not a scheduled bank.
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