Reg deduction on FD u/s 80C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2011
Pls tell can we claim deduction u/s 80C for Bank FD and also If we take bank limit on that FD that Can we also claim deduction u/s 80C
17 February 2011
yes you can claim 80 C deduction on 5years bank FD.
17 February 2011
Also.. do remember that any FD with 5 year validity is not eligible for section 80C.
There are certain guidelines which needs to be followed to get this deduction.
For more details :
https://www.caclubindia.com/articles/income-tax-saver-fixed-deposits-must-know-facts-6830.asp
There are certain guidelines which needs to be followed to get this deduction.
For more details :
https://www.caclubindia.com/articles/income-tax-saver-fixed-deposits-must-know-facts-6830.asp
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