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80c deduction

This query is : Resolved 
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(Querist)
22 February 2013 Whether Recurring deposit for 5 year qualifies for term depsoit for the purpose of Sec 80C ?
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
22 February 2013 Recurring Deposit would not qualify as term deposit u/s 80C
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
22 February 2013 The ANswer to your query is :- No
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
22 February 2013 no, term deposit means 5 years special tax saving FD
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