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fixed deposit

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MOIN ALI (Querist)
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16 November 2016 a employee/ a business men who deposits 2 lakh as fixed deposit for a 6 year in bank.( asst year 17/18) now our question is can they claim benefit as savings u/s 80c.cc CCD. every year till the 6 years completed are only once in six years.

Mukul Giria

Mukul Giria (Expert)
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17 November 2016 The benefit under chapter VI A can be claimed only once (in the year of deposit)

MOIN ALI (Querist)
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17 November 2016 thank u sir

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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17 October 2021 Generally Tax saving deposit schemes are for 5 years tenure & designated separately.

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