IT 80 C deduction
Divya Priya (student) (333 Points)
26 February 2021
can fd for 5 years shown under 80 c deduction??
4 Replies
Ramya Bhat
(254 Points)
Replied 26 February 2021
No...it can't be..
FD will taxble under other income...
FD will taxble under other income...
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 26 February 2021
No Interest from fd is other income
Ramya Bhat
(254 Points)
Replied 26 February 2021
Yes the interest income will be taxble under other income
anil jain
(Partner)
(1072 Points)
Replied 27 February 2021
Tax saving FD of 5 years is rightly allowed U/S 80C.
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