Is the deduction of recurring deposit allowed u\s 80C
kapil rajpoot (C.A. Final Student) (160 Points)
25 March 2010Is the deduction of recurring deposit allowed u\s 80C
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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