deductions under 80c
This query is : Resolved
23 July 2011
Q:- FD more than 5 years in considerd under 80c for deductions,i want to know that whether interest earned from that FD is taxableor not?...
23 July 2011
In order to avail benefit under section 80C, the FD should be covered under the "Bank Term Deposit Scheme,2006". Interest on such F.D is fully taxable.
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