Investment in Fixed Deposit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2011
Dear Sir/Madam,
As per Income Tax reckoner income tax deduction u/s80c is available on fixed deposit of five years from scheduled bank.
Question is:- that can we get deduction on fixed deposit of five year issued from any bank whether private, nationalised or scheduled bank, because even private banks are issuing tax benifit Fixed deposits for 5 year.
Does that means, FD from Axis, HDFC, ICICI etc will not be allowed for claiming deductions
Please guide
Thanks in advance
As per Income Tax reckoner income tax deduction u/s80c is available on fixed deposit of five years from scheduled bank.
Question is:- that can we get deduction on fixed deposit of five year issued from any bank whether private, nationalised or scheduled bank, because even private banks are issuing tax benifit Fixed deposits for 5 year.
Does that means, FD from Axis, HDFC, ICICI etc will not be allowed for claiming deductions
Please guide
Thanks in advance
16 March 2011
Please read this .... you will have the answer :
https://www.caclubindia.com/articles/income-tax-saver-fixed-deposits-must-know-facts-6830.asp
https://www.caclubindia.com/articles/income-tax-saver-fixed-deposits-must-know-facts-6830.asp
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