IS FIXED DEPOSIT WITH NATIONALISE BANK FOR ONE YEAR ELIGIBLE FOR DEDUCTION U/S 80C FOR THE CURRENT FINANCIAL YEAR.
6 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 02 November 2012
Yes. Eligible for deduction u/s 80C of Chapter VI A of the Income Tax Act, 1961.
Regards,
Devendra Kulkarni
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 02 November 2012
no it should be 5 or more than 5 year.
Raghavendra B. kuber
(Accounts Executive)
(88 Points)
Replied 10 November 2012
Agree with CA Lokesh Pokharna
Nitesh Sharma
(CA Final)
(33 Points)
Replied 22 November 2012
Yes, Agree with Lokesh. it should be 5 year or more time Tax saving scheme Fixed Deposit
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