avinash singh (Student) (122 Points)
06 February 2015If I applied for 5 year Tax Saver Fixed Deposit of Rs 1,50,000.00 on 01/03/2015.
Will the same FD can applicable for Tax Exemption on the following 5 financial years (2016,2017,2018,2019)
anjan
(student)
(101 Points)
Replied 06 February 2015
No It will applicable only for the p.y in which you deposit only. the deduction is for the purpose of encourang savings, you cannot can not claim in further years.
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 06 February 2015
only financial year 2014-15 me allowed hoga.
T T Parwani
(Others)
(86 Points)
Replied 06 February 2015
gaurav gupta
(student)
(22 Points)
Replied 06 February 2015
avinash singh
(Student)
(122 Points)
Replied 11 February 2015
if i made a fd of Rs:-150000 in april 2015, it exempt or not for fy 2015-16
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13706 Points)
Replied 12 February 2015
It is not a recurring tax benefit only one time tax saving is available to you in the year of investment.
MASTER MIND
(CA on Duty)
(104 Points)
Replied 22 April 2015
No ,
the decution u/s 80C is only for FY 2014-15
CAclubindia
