Interest on fd !!!
This query is : Resolved
Abhishek Kumar
(Querist)
24 April 2014
Dear Experts,
Pls let me know if Interest on FD can claimed for Sec 80C.
Is it liable to deduct tax.?
Regards.
Pls let me know if Interest on FD can claimed for Sec 80C.
Is it liable to deduct tax.?
Regards.
Rupesh Jain
(Expert)
24 April 2014
IF YOUR FDR MATURITY PERIOD MINIMUM 5 YEARS. IT MAY BE POST OFFICE AND IN BANK FDR. THEN YOU CALIM U/S 80C
Abhishek Kumar
(Querist)
24 April 2014
if i take 2 year FD..can i avail the benefit ?
Nikhil Kaushik
(Expert)
24 April 2014
please frame your queries properly. what you mean by :interest on fd can claimed for 80C?
deduction under 80c (for investments/payments made therein) shall be available against all the sources of income.
no - for any fd (unless covered under tax saver fd) no benefit is allowed. Also please note interest even on tax saver FDs is taxable.
deduction under 80c (for investments/payments made therein) shall be available against all the sources of income.
no - for any fd (unless covered under tax saver fd) no benefit is allowed. Also please note interest even on tax saver FDs is taxable.
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Rupesh Jain
(Expert)
24 April 2014
NO INTT ON FDR WILL BE TAXABLE UNDER INCOME FROM OTHER SOURCES.
Abhishek Kumar
(Querist)
24 April 2014
Sorry..i was asking whether i can claim the benefit for interest on Fd for Sec 80C.?
01 August 2024
https://docs.google.com/document/d/1D-A8TT_OkM91DvKtYXAELEOYdZ9-EJPUkLdKQ9LXn2c/edit?usp=sharing
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