banner_ad

deduction from total income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 July 2010 whether the fixed deposit with the bank for a period of 5 or more years are eligible for deduction.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
05 July 2010 yes.it allowable provided specifically mentioned tax savings scheme
Profile Image

Rahul Gupta

Profile Image

Rahul Gupta (Expert)
05 July 2010 Agreed with Ramesh. Its not that all FDs are above 5 Years are eligible for dedcution. Only If the FD is created under the scheme eligible for Deduction are allowed. Generally, most of the banks provide this.
Profile Image

CA Sanat Pyne

Profile Image

CA Sanat Pyne (Expert)
05 July 2010 AGREED WITH EXPERT RAHUL GUPTA
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
05 July 2010 yes
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details