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Fixed deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2012 dear sir,
i m a salaried person , i want to know whether investment in fixed deposit can be taken in 80c.
thanks
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Guest (Expert)
12 January 2012 Yes, investment in FD to be made for a period of 5 years u/s 80C
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CA VISHAL RANA,CS,B.Com,AMFI

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CA VISHAL RANA,CS,B.Com,AMFI (Expert)
12 January 2012 All investment in FDs not eligble for deduction u/s 80C....only specified bank's FDs are eligible for deuction u/s 80C with lock in period of 5 years as said by Ms Neha. for e.g Fixed deposit in SBI
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