Fixed Deposit for Tax Benefit.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2011
Dear All,
If i will put FD in the bank for IT benefit for 5 year but want to withdraw in few month, in that case can i withdraw FD? Kindly guide me.
If i will put FD in the bank for IT benefit for 5 year but want to withdraw in few month, in that case can i withdraw FD? Kindly guide me.
07 February 2011
If you deposit money for five years in a bank for getting deduction u/s 80C of the IT ACt, in that case Bank mention that on FD and will not allow you to encash before maturity.
Message likes :
1 times
07 February 2011
As per clause 11(2) of the Bank Term Deposit Scheme,2006 ,by which those deposit's are eligible for 80C deduction, premature withdrawal is not permitted.
Message likes :
1 times
Guest
Guest
(Expert)
07 February 2011
No withdrawal is allowed except in cash of death
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Specified Profession
- SALE BILL AGAINST GOODS RETURN
- GST Registration Horse racing
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
