26 March 2008
Yes, but it should be as per the Scheme framed by Central Govt. If the same FD withdrawn before complition of the term then it should be added back to income.
26 March 2008
investment in fixed deposits in scheduled banks for a term of not less than five years in Section 80C of the I-T Act. YES ALL SCHEDULED COOP. BANKS ARE ELIGIBLE FOR INVESTMENTS IN FD FOR 5 YEARS FOR 80 C DEDUCTION. R.V.RAO
26 March 2008
All FDs which are in the nature of tax savings investments provides the details regarding the availability of deduction on the face of the certificate itself
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