Is the deduction of recurring deposit allowed u\s 80C
3 Replies
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 25 March 2010
Fixed Deposit/Term Deposit with Bank Can only be considered for deduction U/s 80 C.
regards,
ratan
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 26 March 2010
RD is not allowed. Only FD deposited for 5 Years allowed
C.Balaji
(Learner)
(1867 Points)
Replied 26 March 2010
R.D. is not allowed.....
F.D. in a bank not less than 5 years........
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