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Regarding 80C

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(Querist)
17 May 2011 Whether RD's Interest is eligible for Deduction u/s 80 or any other Section.........
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U S Sharma

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U S Sharma (Expert)
17 May 2011 NO
RD interest is taxable income
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
17 May 2011 taxable under income from other sources
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CA Navin Jain

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CA Navin Jain (Expert)
17 May 2011 RD INTEREST IS TAXABLE UNDER HEAD OF INCOME FROM OTHER SOURCES AND YOU CAN NOT CLAIM ANY DEDUCTION UNDER SEC 80C FOR THAT INTEREST.

ONLY IN THE CASE OF INTEREST ON NSC IS ELIGIBLE AS DEDUCTION UNDER SEC 80C

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