POSTAL RD
This query is : Resolved
18 November 2009
DEAR MEMBERS
POSTAL RECURRING DEPOSIT MONTHLY INVESTMENT IS ALLOWABLE FOR CLAIMING OF DEDUCTION U/S 80C.
PLEASE TELL ANY CIRCULAR/ CASE LAWS ON THIS QUERY
THANKS IN ADVANCE
POSTAL RECURRING DEPOSIT MONTHLY INVESTMENT IS ALLOWABLE FOR CLAIMING OF DEDUCTION U/S 80C.
PLEASE TELL ANY CIRCULAR/ CASE LAWS ON THIS QUERY
THANKS IN ADVANCE
18 November 2009
5-year Post office recurring deposit account will not qualify for deduction u/s 80C.
18 November 2009
agree
18 November 2009
DEPOSIT AMOUNT OF POSTAL RD IS NOT EXEMPT IN GROSS TOTAL INCOME IN ANY SECTION OF INCOME TAX ACT
PLEASE TELL
PLEASE TELL
Taranjit Singh
(Expert)
18 November 2009
Find a list of all points here....
https://www.raagvamdatt.com/Saving-Income-Tax-Understanding-Section-80C-Deductions/123/
https://www.raagvamdatt.com/Saving-Income-Tax-Understanding-Section-80C-Deductions/123/
18 November 2009
No section in the income tax act,1961. Exemption for other such schemes are given by way of notifications. As far as PO RD is concerned no notification has been issued by CBDT so far.
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