80 C
This query is : Resolved
19 March 2009
fixed deposit investment in nationalised bank for long term is eligible u/s 80 C
19 March 2009
Yes. Its eligible but only when it is for more then 5 years TD.
19 March 2009
Deposit for more than 5 years as per the scheme framed by central Govt. (Not all the FDRs)
19 March 2009
i support MR. Sharma
19 March 2009
Tenure of FD is not the criterion to decide eligibility for tax deduction. FD should have tax deduction feature. All FDs having tax deduction eligibility are for fixed term of five years.
19 March 2009
The FD should necessarily be under the 'Bank Deposit Scheme,2006' so as to qualify for deduction u/s 80C. For more details of the said scheme pl refer CBDT Notification 203 dt 28/7/2006.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
