Atul Sharma (Article assistant) (29 Points)
30 March 2013
Mihir
(Wealth Manager)
(5293 Points)
Replied 30 March 2013
Investment in Fixed deposit of not less than 5 years in a SBI is available deduction u/s 80C.
CA BHUMIT SHAH
(Consultant )
(270 Points)
Replied 31 March 2013
EVEN THOUGH MORE THEN 5 YEAR FDR IS AVAILABLE AS DEDUCTION BUT ITS INTEREST IS FULLY TAXABLE AND IF U FALL I 30% SLAB THEN ITS EFFECTIVE YIELD IS VERY LOW AS COMPARED TO P.P.F.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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