Deduction u/s 80 c
This query is : Resolved
29 December 2011
is 5 yr term deposit held in the name of spouse eligible for deduction u/s 80 c??
29 December 2011
No. FD in spouse name not eligible for deduction. only as five year time deposit in an account under the Post Office Time Deposit Rules, 1981 in spouse and children name eligible
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