Senior Citizen Saving Scheme & Post Office TD
This query is : Resolved
09 December 2009
Hi all,
Senior Citizens Savings Scheme 2004 and the Post Office Time Deposit Account added to the basket of saving instruments under Section 80C of the Income Tax Act.
w.e.f. A.Y. 2008-09.
Whether the same continues to be taken for rebate U/s 80C for A.Y. 2010-2011.
If yes, There is any circular or notification to that. Plz Provide
Senior Citizens Savings Scheme 2004 and the Post Office Time Deposit Account added to the basket of saving instruments under Section 80C of the Income Tax Act.
w.e.f. A.Y. 2008-09.
Whether the same continues to be taken for rebate U/s 80C for A.Y. 2010-2011.
If yes, There is any circular or notification to that. Plz Provide
09 December 2009
80C(2)(xxiii) and (xviv) are the concerned sections. This is applicable from 01/04/2008.
No amendment has been made in those section through The Finance (N0 2) Bill,2009. Hence it can be very well presume that the benefit continues for assessment year 2010-11 also.
No amendment has been made in those section through The Finance (N0 2) Bill,2009. Hence it can be very well presume that the benefit continues for assessment year 2010-11 also.
09 December 2009
Yes, in the absence of anything to the contrary the same continues
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