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Sec 80C (2)

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(Querist)
03 March 2010 Investment in Fixed Deposit u/s 80C (2) is exempted.Such Investment must be Tax Saver and compulsorily marked as Tax Saver on the receipt of payment?
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Rasesh

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Rasesh (Expert)
03 March 2010 Yes. It should be mentioned on the face of the FD that it is a tax saver FD and that the lock-in period is five years.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
03 March 2010 FD should be taken under the Bank Term Deposit Scheme,2006.
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