80 c
This query is : Resolved
14 March 2013
Investment in AXIS Bank as a fixed deposit for 5 years is eligible for deduction u/s 80 C ?
Dintakurthi Tirumala
(Expert)
14 March 2013
If such deposit is under tax savings scheme then eligible for deduction u/s 80C.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
CA Ayush Agarwal
(Expert)
14 March 2013
provided it should be tax saving FD.
only 5 year is not the critria.
on certificate it should be written that it is tax saving FD and Cant Prematured before 5 Year at any cost.
only 5 year is not the critria.
on certificate it should be written that it is tax saving FD and Cant Prematured before 5 Year at any cost.
14 March 2013
Yes eligible for 80C. For details please see
https://www.axisbank.com/personal/deposits/tax-saver-fixed-deposit/tax-saver-fixed-deposit-features.aspx
https://www.axisbank.com/personal/deposits/tax-saver-fixed-deposit/tax-saver-fixed-deposit-features.aspx
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