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Interest on fixed deposit

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(Querist)
19 December 2014 interest on fixed deposits can claim deduction under section 80c
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CA VISHWAKEERTHI.P.S.

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CA VISHWAKEERTHI.P.S. (Expert)
19 December 2014 No.

You cant claimed as deduction u/s 80C.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 December 2014 Additionally, Interest Income will be taxable under the head Income from Other Sources. No exemption. No exemption. No deduction.
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Rupesh Jain

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Rupesh Jain (Expert)
20 December 2014 no it is not u/s80C. but it is taxable under income form other sources.
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