Bank fd
This query is : Resolved
25 January 2014
what is tax saving fd
and how it is different from normal fd
25 January 2014
Dear
Tax saving FD under Tax saving scheme of govt. of india with 5 year lock in period allowable deduction u/s 80c. Normal FR can withdrow before maturity, not under scheme of Tax saving scheme & no deduction u/s 80c is allow.
Tax saving FD under Tax saving scheme of govt. of india with 5 year lock in period allowable deduction u/s 80c. Normal FR can withdrow before maturity, not under scheme of Tax saving scheme & no deduction u/s 80c is allow.
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