I have two questions to raise.
1) can tax saving F.D.R. be used to raise loans and over draft or limits.
2) is it mandatory for tax saving f.d.r. to be of exactly five years and not more than that.
Rohit Tulshyan (RTProfessionals) (333 Points)
20 June 2011I have two questions to raise.
1) can tax saving F.D.R. be used to raise loans and over draft or limits.
2) is it mandatory for tax saving f.d.r. to be of exactly five years and not more than that.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 20 June 2011
1) NO
2) YES, and specifically it should be mentioned, TDR u/s 80C of incometax
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