Fixed Deposit Examtion
This query is : Resolved
Devaraja H.P
(Querist)
14 November 2009
Can any one just tell me that can we get examtion from income tax under section 80C if we makes a fixed deposits in syndicate. is there any restriction is applicable for examtion.
14 November 2009
If the amount deposited is as per 'Bank term deposit Scheme,2006' 80C exemption can be availed.
Devaraja H.P
(Querist)
14 November 2009
The bank pepole will mention that in Deposit receipt or how can we know that.
CA Ravi Sisodia
(Expert)
14 November 2009
yes u/s 80C exemption available for Bank Deposit.
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