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Sec 80c

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(Querist)
11 June 2012 Is there any qualifying critearea for allowing deduction under sec 80C for fixed Deposit whose duration is more than 5 years..??

Or all FD irrespective of its duration allowed U/s 80C./????
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B Ravi Kumar ACMA, MBA, M Com

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B Ravi Kumar ACMA, MBA, M Com (Expert)
11 June 2012 All FDs whose duration is more than 5 years, no other criteria. If FDs are closed within lock in period of 5 years, liable for taxes.

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