If i open FD > 5 yrs for claiming deduction u/s 80C, is its Interest taxable? If not , is there any limit for claiming deduction?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 21 June 2011
investment principal is deducted u/s 80C,
interest earned/ accured is fully taxable
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 21 June 2011
interest on FD IA FULLY TAXABLE
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