Exemption on fixed deposit
This query is : Resolved
Srimannarayana
(Querist)
28 March 2016
Sir I have taken a Fixed Deposit on 25th of March 2016 for a 5 Years, Rs.50,000/-.
Can I get exemption for 5 Financial Years(2015-16 to 2020-2021) or only for 2015-16 Financial Year ?
Can I get exemption for 5 Financial Years(2015-16 to 2020-2021) or only for 2015-16 Financial Year ?
CA R SEETHARAMAN
(Expert)
28 March 2016
Deduction u/s 80C can be claimed for one year for 2015-16 only.
Message likes :
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Murtaza I Bhagat
(Expert)
28 March 2016
only 2015-16 in which year you have invested.
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