Postal deposit
GANGADHARA RAO (PROPRIETOR) (169 Points)
06 September 2016
My friend has doing monthly deposit of Rs 2000-00, for five years plan, (RD), its eligible u/s 80c or not
2 Replies
ANKUR TAH
(Teacher Consultant and CA finalist.)
(543 Points)
Replied 06 September 2016
he can not get benefit.
saurabh kumar
(Tax Consultant)
(348 Points)
Replied 06 September 2016
No there is no tax deduction for recurring deposit in postoffice u/s 80C.
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