80 c post office invt.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2013
Hi sir,
i am depositing in the post office (mahila prathan bachat yojna) Rs.1000 every month for 60 months (i.e for 5years) on behalf of my wife, and at the end of 5years my wife receive rs.72000. whether i can claim this Rs.60000 as a 80c deduction? and whether rs.72000 taxable to my wife?
i am depositing in the post office (mahila prathan bachat yojna) Rs.1000 every month for 60 months (i.e for 5years) on behalf of my wife, and at the end of 5years my wife receive rs.72000. whether i can claim this Rs.60000 as a 80c deduction? and whether rs.72000 taxable to my wife?
23 August 2013
Only Post office 5 years time deposit ( nature of fixed deposit) is only eligible for sec.80C deduction. so recurring deposit not eligible under 80C
Message likes :
1 times
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- Multiple trade mark
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
