Fixed deposit in nationalised bank allowable under 80 c
This query is : Resolved
25 February 2014
Respected Sir
Can an Individual get deduction u/s 80C if he made investment in Fixed Deposit in any Nationalised Bank?
Can an Individual get deduction u/s 80C if he made investment in Fixed Deposit in any Nationalised Bank?
25 February 2014
Yes, provided the amount is deposited under the 'Bank Term Deposit Scheme,2006'.
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