80c examption detail
This query is : Resolved
05 February 2014
Dear sir,
let me know bank fixed deposit for the Five year are beneficially in under section 80c.
awaiting for you revert
thanks & regard
let me know bank fixed deposit for the Five year are beneficially in under section 80c.
awaiting for you revert
thanks & regard
06 February 2014
Yes, Eligible. Term deposit should be
(a) for a fixed period of not less than five years with a scheduled bank; and
(b) which is in accordance with a scheme framed and notified, by the Central Government. (Tax saving Deposits)
(a) for a fixed period of not less than five years with a scheduled bank; and
(b) which is in accordance with a scheme framed and notified, by the Central Government. (Tax saving Deposits)
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