Tax saving fixed deposit


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2016 Dear Expert !

1.In Can Partnership Firm get benefit in TAX saving Fixed Deposit ?

2. In Tax Saving FD , a interest in taxable .. m i right?



18 April 2016 1. No.

2. Yes,taxable.

19 April 2016 Agree with Chackrapani Sir, Partnership firm cannot take tax saver FD as deduction and its Interest will be taxable for every one.


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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2016 Sir,
after all deducation means (HRA-Conveyance-Professional Tax) i received salary so in which itr should i file itr 1 or itr 2, i confused regarding Standard Deducation limit



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