IS FIXED DEPOSIT WITH NATIONALISE BANK FOR ONE YEAR ELIGIBLE FOR DEDUCTION U/S 80C FOR THE CURRENT FINANCIAL YEAR.
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
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
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
