will recurring deposit in a bank get deduction u/s 80C ?
will kotak mahindra investment get deduction u/s 80C ?
2 Replies
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 16 June 2011
1) recurring deposit does not qualify for 80C deduction.
2) you need to find out from the Kotak, its nature of investments, features etc
jaganathan
(accounts executive)
(272 Points)
Replied 16 June 2011
| Originally posted by : Dipjyoti Majumdar | ||
 |
1) recurring deposit does not qualify for 80C deduction. 2) you need to find out from the Kotak, its nature of investments, features etc |
 |
No deduction under 80c for rd
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