I want to know if i make investment in prescribed u/s 80 c instruments(NSC/PPF) from money like fd matured , cash in passbook of previous fy is eligible for deduction or only if i make savings from that fy income?
31 March 2012
investment made in prescribed instruments are eligible for deduction u/s 80C irrespective of investment made out of savings of current financial year of preceding financial years.
CAclubindia
