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80c examption detail

This query is : Resolved 
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(Querist)
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
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Neljo Davis ACA

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Neljo Davis ACA (Expert)
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)
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