For deduction of 80 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2014
is sahara india 5 yr fd is allowed u/s 80c ?
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
Amol S Joglekar
(Expert)
18 December 2014
No. Sahara India Fixed Deposit does NOT qualify for 80C
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