Deduction on chapter vi
This query is : Resolved
Krishna Pada Santra
(Querist)
29 August 2018
FIXED DEPOSIT INVESTMENT Rs 205322 FOR 5 YEAR & MY INCOME 5.5 LAC FOR THE A.Y 2018-19, SO CAN I GET 80C DEDUCTION ON HOLE INVESTMENT AMOUNT 205322....???
Gokul Sharma
(Expert)
29 August 2018
FIRST CHECK YOUR FDR IS TAX SAVING OR NOT ? IF IT IS TAX SAVING FD THEN 80C CAN BE CLAIMED
K Srinivas, CMA CS
(Expert)
29 August 2018
Yes. Kindly ensure that your Fixed deposit is 5 year tax savings fixed deposit for claiming deduction u/s80C
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