Fixed deposite under 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2013
Can we get the benefit for making F.D in Nagari Co- Op Patsanstha under 80C. Pls guide
Hemant Kumar
(Expert)
13 March 2013
No...
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
Hemant Kumar
(Expert)
13 March 2013
No...
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
Hemant Kumar
(Expert)
13 March 2013
No...
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
Hemant Kumar
(Expert)
13 March 2013
No...
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
Term of a fixed deposit in State Bank of india, its subsidiary bank, corresponding new bank (constituted u/s.3 of Banking companies Act or any other Bank Included in Second schedule of RBI Act, 1939)
CA Suraj Lakhotia
(Expert)
13 March 2013
If the co-operative bank is a scheduled bank, it would be allowed.
Dintakurthi Tirumala
(Expert)
13 March 2013
If such FD is under the scheme of tax savings deposit scheme and the deposited bank is scheduled bank then the tax benefit of FD is available u/s 80C.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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