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

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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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

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