If fdr of 5 years for tax saving purpose
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2014
if FDR of 5 years for tax saving purpose is amount is withdrawn as premature befor 5 years what will be consequence under 80 c of income tax.
15 October 2014
In the year in which the FD us withdraw the deduction claimed u/s 80C will have to be added back to income.
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