Easy Office
LCI Learning

section 80C

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 February 2011 pls let me know whether fixed deposit created during the year 2009-10 & broke in year in the year 2010-11 eligible for getting deduction u/s 80C for the FY 2009-10?
Profile Image

BALASUBRAMANYA B Npro badge online

Profile Image

BALASUBRAMANYA B Npro badge online (Expert)
27 February 2011 Lock-in period

These FDs have a lock-in period of 5 years. This means that once you invest, you can not withdraw the amount for 5 years.

These FDs can not be pledged for any reason for these 5 years. Also, no overdraft facility is available for these tax saver fixed deposits.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links