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Tax saving fd

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(Querist)
26 October 2013 Sir,
If i invest in tax saving fd for 5 years, I will get tax saving benefit for financial year 2013-14 assessment year 2014-15. The same tax saving fd will be applied for the next financial year 2014-15, and so on?
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swasti

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swasti (Expert)
26 October 2013 The exemption would be available only for that year in which new investment is made.
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vijay

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vijay (Querist)
29 October 2013 Thank you
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