Deduction u/s 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2013
If i invest in fixed deposit of 5 years in a nationalised bank then will the total amt.invested will qualify for deduction ??
& it will be deducted for the year in which it is invested or for every year upto 5 years ??
A quick rpl os anticipated..
& it will be deducted for the year in which it is invested or for every year upto 5 years ??
A quick rpl os anticipated..
11 June 2013
It will be considered for Sec. 80C deduction in the year it is invested within the overall limit of Rs. 100,000
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