Clarification
This query is : Resolved
CA Nitin Wadhwani
(Querist)
07 August 2008
I Want To Just Opine On Answer Given By CA Ramesh Ahuja To The Question Of 80-c Deduction For Investment In RD.
As Far As Mumbai is concerned The Income Tax Department Does Not Allow The Deduction and in My Opinion Even there is no specific Provision in the law For Deduction of the same.
As Far As Mumbai is concerned The Income Tax Department Does Not Allow The Deduction and in My Opinion Even there is no specific Provision in the law For Deduction of the same.
S.Srinivasaraghavan
(Expert)
08 August 2008
80C is allowed if the money is put on fixed term of 5 years.
CA Nitin Wadhwani
(Querist)
08 August 2008
That What I Am Telling Na.
5 Year Time Deposit Is Allowed Not Rd.
5 Year Time Deposit Is Allowed Not Rd.
Dhirajlal Rambhia
(Expert)
19 June 2023
Not eligible.
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