Direct tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2011
WILL RECCURING DEPOSIT GET DEDUCTION U/C 80C TO 80CCD.
CA. RICHI SAXENA
(Expert)
28 November 2011
Only 5 year Term Deposits get deduction u/s 80C To 80CCD. This doesn't includes any Recurring Deposit as Recurring Deposit is not considered to be a Term Deposit.
CA. RICHI SAXENA
(Expert)
28 November 2011
Only 5 year Term Deposits get deduction u/s 80C To 80CCD. This doesn't includes any Recurring Deposit as Recurring Deposit is not considered to be a Term Deposit.
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