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For deduction of 80 c

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 December 2014 is sahara india 5 yr fd is allowed u/s 80c ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 December 2014 Not allowed. According to the new rule for 80C deduction, any investment made in bank fixed deposits for a minimum tenure of five years is also eligible for I-T deduction under Section 80C
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 December 2014 No. Sahara India Fixed Deposit does NOT qualify for 80C
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