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

30 December 2011 Thank you Sir..


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